A convicted stock swindler pretended to be his wealthy father as part of an elaborate scheme to dupe millions of dollars out of investors who thought they were buying Maxim magazine, federal authorities in Manhattan announced Thursday.
Calvin Darden Jr., whose dad is an influential businessman who once ran the US operations for UPS, surrendered himself to Secret Service agents Wednesday. He’s also accused of bilking a Taiwan-based company out of $500,000 in exchange for his promise to arrange a New York Knicks exhibition game in Taiwan. Darden Jr. allegedly lied by telling the company he and his father were in serious discussions with the NBA and the Knicks.
In the Maxim scheme, the feds say Darden, 39, tricked investors out of more than $8 million and attempted to steal another $20 million by claiming the cash was to fund the purchase of the popular lad mag, according to an indictment.