Con’s ‘poor’ excuse

He stuck it to his victims one last time.

Multimillionaire fraudster Myron Gushlak blew millions of dollars on his Cayman Islands estate, Bentley and Porsche collections and private jet while out on bail and now claims he doesnt owe his New York victims and others a dime.

Lawyers for the disgraced Canadian money man have already appeared in Brooklyn federal court to claim that hes too broke to pony up a $25 million fine.

Today, theyll be arguing that victims of his pump and dump schemes were simply on the wrong end of a bad economy, so they dont deserve any of the $17.5 million in restitution that the feds are demanding of him.

Gregory P. Mango

WAGES OF SIN: Con man Myron Gushlak lived in this Cayman Islands estate while out on bail.

Myron Gushlak

In 2009, the year before he was scheduled to be sentenced, Gushlak showed his worth at nearly $90 million.

He then blew a massive chunk of it while free on bail, according to documents filed in the Cayman Island courts and obtained by The Post.

Living in a palatial seafront manse in the Cayman Islands dubbed Casa Coyaba, he jetted around in a Hawker 800 XP executive plane, making lease payments of $15,000 each month, records show.

Originally posted here:
Con’s ‘poor’ excuse

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