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CUOMO OBTAINS COURT ORDER FREEZING ASSETS OF BROOKLYN PONZI AND PYRAMID SCHEME

NEW YORK, N.Y. (December 17, 2009) - Attorney General Andrew M. Cuomo today announced a court order freezing the assets of Unlimited Wealth Associates and company officials Robert Donald and his wife Annette Stuart Donald, as well as numerous other businesses under their control, for allegedly operating a combination Ponzi and pyramid scheme out of Donald’s home in the Bushwick section of Brooklyn in violation of the state’s securities law, known as the “Martin Act.” According to court papers, the Attorney General’s investigation has revealed that Donald and his wife, while operating businesses using the names Unlimited Wealth Associates, United Wealth Associates, Unlimited Enterprises, and Wealth Associates Group, fraudulently obtained at least $7 million from more than 1,000 investors nationwide in a series of get-rich-quick schemes.