OC investment guru charged with bilking $62.5 million from clients – Orange County RegisterBy Tony Saavedra Orange County Register UPDATED: September 9, 2025 at 6:44 PM PDTMarco Giovanni Santarelli billed himself as a “wealth creator.”On podcasts and websites, Santarelli, 56, pitched his Laguna Niguel private equity firm, Norada Capital Management, which offered unsecured, high-yield promissory notes backed by investments in Broadway musicals, real estate and cryptocurrency.But federal authorities allege it was all a scam, a Ponzi scheme that bilked some 500 clients nationwide of $62.5 million in investments — retirement money, family savings, nest eggs.Santarelli was charged Monday, Sept. 8, with one count of wire fraud and faces up to 20 years in prison if convicted, according to the U.S.

Considering your desire for a location within a 5-hour drive from NJ, here’s a comparative analysis of potential markets for your next short-term rental (STR) build:🏔️ Poconos, PAAverage Revenue: $44,656/monthOccupancy Rate: 45%Average Daily Rate (ADR): $422Market Insights: The Poconos region offers strong seasonal demand, with peak months in July and August.

Hi, we are considering turning our long term rental property into a short rental.

I am 63 and interested in retiring, and so I am looking to sell a high end short term rental business in Maine.  

@Mohammad Murad what Short Term Rental Loophole are you speaking about?

On podcasts and websites, Santarelli, 56, pitched his Laguna Niguel private equity firm, Norada Capital Management, which offered unsecured, high-yield promissory notes backed by investments in Broadway musicals, real estate and cryptocurrency.

Any recent data on short sales? 

The city of Denver doesn't allow for non-owner occupied short-term rentals.

Hi! I am new at BP and considering STR in the state of Ohio or near by Kentucky, seems like good places for STR are Hocking Hills and/or Red River Gorge. Any thoughts, recommendations about moving forward with a STR, ...

Investment Info:

Large multi-family (5+ units) commercial investment investment.

Purchase price: $60,000

Cash invested: $60,000

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