About the C.P. Direct Receivership
In the late 1990's, Michael Consoli and Vincent Passafiume (among others)
teamed up to open C.P. Direct -a "nutritionals" distribution
company. Thier main product? Longitude. According to
C.P. Direct, taking Longitude regularly would increase the length
and girth of the penis.
The principals of the company (mentioned above) appear to have been
quite adept at marketing, because even though there was no scientific
basis to the Longitude product it did account for the largest portion
of C.P. Direct's 70 million dollars in sales during the company's operation.
The company marketed Longitude, and other bogus herbal supplements with wild claims,
in dozens of mainstream publications across the U.S. and were it not for an abnormally
high number of credit card "chargebacks" -the company might have gone on selling thier products for a long time.
In 2002, C.P. Direct was shut down by the State of Arizona and placed into "receivership" with Lawrence J. Warfield
appointed as Receiver. Since that time Receiver Warfield has liquidated fancy sports cars and luxury mansions (among other things)
in his attempt to recover funds to return to victims of this fraud.
Now, in 2006, Receiver Warfield is refunding over 4 million dollars to victims who purchased C.P. Direct products.
List of Defendents
Below is a partial list of the Defendents in the case of State of Arizona v. C.P. Direct
- Consoli, Michael
- Consoli, Geraldine
- C.P. Direct, Inc.
- Kwadecius, Michael
- MAC Investments, Inc.
- Opulent Property Investments, Inc.
- Passafiume, Vincent
- Passafiume, Stephanie
What does "Receivership" mean?
Legal or equitable proceeding in which a receiver is appointed for
an insolvent corporation, partnership or individual. (Source: Black's Law
Dictionary, Fifth Edition)