Wall Street scammer stole Hugh Hefner’s Playmate girlfriend by giving her $100,000 monthly allowance and American Express platinum card with UNLIMITED CREDIT
- Mark Yagalla has published a new book detailing his lavish life of excess
- The 37-year-old was sent to prison for scamming investors out of $50milion
- Sex addict wooed Playboy cover model with expensive jewellery and cars
A Wall Street trader who stole Hugh Hefner’s Playmate girlfriend and scammed investors out of $50million has written a tell-all book about his life.
In ‘Wall Street Joyride – the Prodigy, the Playmate and the Missing $50million’, ex-con Mark Yagalla has given a blow-by-blow account of his extravagant lifestyle before he was jailed for swindling customers out of $50million,
Now 37 years old, sex addict Yagalla writes how he swept Playboy cover model Sandy Bentley off her feet by giving her a $100,000 monthly allowance and an unlimited American Express platinum card.
Speaking to the Wall Street Journal, he said that between paying Bentley, nights at the casino and jetting around the world, he was spending at least $1,000,000 a month – in an attempt to emulate his idol Hugh Hefner.
‘It was like, that’s who I want to be. Warren Buffett, Bill Gates, they have millions of dollars and are married to the same woman and have no fun’, he said.
The book talks about Yagalla’s sex addiction and his 14-month relationship with Hefner’s girlfriend.
He told Daily Mail Australia last year that as a teenager he was a dateless, ridiculed kid, before he began working as a trader and entered a life of call girls, strippers, models and porn stars.
He paid for his and girlfriend Bentley’s lifestyle with a fraudulent investment operation known as a Ponzi scheme, in which the operator pays returns to its investors from new capital paid by new investors, rather than from profit earned.
Yagalla showered the Playmate with cars, furs, houses, luxury holidays, designer clothes and hundreds and thousands of dollars in diamond jewelry.
Hugh Hefner, centre, with some of the hundreds of girls in the grounds of the Playboy Mansion. Yagalla said he wanted to copy Hefner’s lifestyle, and in the process swindled investors out of $50 million
The last present, however, backfired when jewelry connected Yagalla to the gruesome 2002 double murder of Michael Tardio and Christopher Monson, who were found shot to death in a burning Mercedes in California in 2002.
He was arrested and sent to a Federal prison after pleading guilty to securities fraud, sentenced to five years and five months. The government recovered $1.3 million from an auction of his assets.
Yagalla now lives quietly with a girlfriend just outside Bangkok, Thailand, and in his book apologizes to his victims.
The tribute reads: ‘To my countless victims. Words cannot begin to express my sorrow. I am truly sorry for your loss’.
Read more: http://www.dailymail.co.uk/news/article-3071661/Wall-Street-scammer-stole-Hugh-Hefner-s-Playmate-girlfriend-giving-100-000-monthly-allowance-American-Express-platinum-card-unlimited-credit.html#ixzz3dcVGqFor
May 6, 2015 | 8:54pm
Mark Yagalla — the one-time Wall Street whiz who scammed investors out of $50 million and was in jail by 24 — has just published a tell-all, “Wall Street Joyride,” outlining his life of excess, including how he stole his idol Hugh Hefner’s Playmate girlfriend Sandy Bentley.
In the book, Yagalla, 37, recalls: “When I could have been setting myself up for life, I was spending it as fast as it came in.” He was busted in 2000 by the feds for draining millions from his Ashbury Capital Partners to buy himself Bentleys, a helicopter, oil wells, furs, Rolexes and homes. A report at the time said: “His offenses left investors, many of them in their twilight years, wiped out.”
But while Hefner was giving Bentley a measly $1,000 a month, Yagalla swept her off her feet, and “she got bumped up to $50,000 a month, and then $100,000,” he writes. “Plus, she got her own platinum American Express card with no limit. She was averaging another $100,000 a month on the Amex. Between Sandy, the plane and the casinos, I was going through a minimum of $1 million a month.” Her room-service bill “typically ran over $1,000 each time Sandy ordered.”
The Wall Streeter who shelled out millions for love wound up spending five years in jail — but perhaps he dodged a bullet: Bentley’s next boyfriend, part-time model Michael Tardio, was found dead in a burning, bullet-ridden SUV in 2002 after trying to sell $1 million in jewelry Yagalla had given her.
Now living in Thailand, Yagalla, an admitted sex addict, told us Wednesday, “There’s regret all the time. At the same time I look back and it’s like, I was a kid! People were giving millions and millions of dollars to a kid.” In the book, he apologizes to his victims, writing, “To my countless victims. Words cannot begin to express my sorrow. I am truly sorry for your loss.”
Bentley’s reportedly now a married mom.