Will High-Society Boca Couple Keep Their Mansion After Legal Loss?

Categories: Palm Beach News
keezers.JPG
Photo from BocaResort.com
Lori and David Keezer in a 2006 issue of Boca Club Life.
Just look at that happy, handsome couple! A May-December romance that surely had little to do with David Keezer's vast wealth. Indeed, Palm Beach County records show that the Keezers' crib in the Royal Palm Yacht & Country Club in Boca Raton is owned by his young wife, Lori, who dished out $7.35 million for it. However she made her fortune, it hasn't caused her to develop the wrinkles you usually get from stress.

If the Keezers remind you a bit of the Rothsteins, who were also a favorite of the high-society mags, maybe it's because they had the same jeweler. Or was it their flare for interior design?

OK, maybe it's the husband's role in a lucrative business that encountered some devastating legal turbulence.

For all the outward appearances of glamour, David Keezer made his fortune in a grimy business: telemarketing. He and his business partner, Scott Pasch, are from New Jersey, where they'd been sued on multiple occasions by suspicious state and federal regulators.

But for more than a decade, the telemarketing titans had managed to wriggle out of lawsuits that alleged they were using fraudulent means to win donations, telling those who answered their calls that a large portion of the money -- if not all of it -- was going straight to the police or fire department that had hired them. In fact, Keezer's company was pocketing some 85 percent of what it raised.

As of Wednesday, however, these telemarketers will have to find a new line of work and pay back a considerable portion of the wealth they accumulated -- $18.8 million, the biggest civil penalty in the history of the Federal Trade Commission. The settlement also called for the two businessmen to retire permanently from telemarketing.

An excerpt of an article at Philly.com:
To pay the penalties, they're forfeiting a treasure-trove of assets: two $2 million homes, paintings by Picasso and Van Gogh valued at $1.4 million, an $800,000 guitar collection, $270,000 from a recently sold wine collection, $117,000 in jewelry, three Mercedes, two Bentleys, and a variety of other property.
No mention of the Boca house that's under Lori Keezer's name, currently valued at $6 million. And since there seem to be no victims who lost their life's earnings, it seems unlikely that there will be the pressure to seize assets like there is among victims of Bernie Madoff, for instance. No criminal charges were filed against Keezer or Pasch.

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7 comments
mman
mman

I have to go anonymously to the defense of these two men, both whom I might add were very honorable. I was recruited to work for them from a competing company and for a short period of time held a management roll before deciding to leave the business altogether. First, I will agree fundraising is not the most honorable business, but call it what you will, I can say first hand that these men did not deliberately set out to scam people. Though I now personally hate the idea of making money from donations.


Despite the fact that they had contracts in place which were paid as agreed to, there were many protective measures in place to prevent callers from making phony claims on any level. I first hand witnessed a fair number of employees get terminated due to a single misrepresentation.


The problem stemmed from the very thing the made them successful. I once asked Dave and Scott what was single biggest thing that built their business, and they humbly replied “luck”. They explained they invested in to a dialing machine which placed millions of calls and consequently their business exploded, and fast. The problem was they grew too fast and allowed for poor management to slip in and manage nearly 10,000 callers. No doubt a poor business decision to let that happen. It was just too much too fast and it evidently spun out of control. Part of bringing me to their business was to help correct that problem, but it was beyond my pay grade at that point.


Even today there are literally hundreds and hundreds of companies doing the exact same thing they were exploited for. Same contracts, same organizations, and the FTC is fully aware of it. Further the Attorney Generals in all states receive annual financial reports. So obviously they don’t think it’s bad enough to shut them all down.


Is it an honorable way to get rich? Not really. But are these guys deserving of being slaughtered all over the internet. Absolutely not.

X Employee
X Employee

They're both flaming assholes Scott&Dave hopefully shop at Walmart now. Disgusting greedy fux who never once considered their employees as people. Karma is a bitch! Please die of Aids,Cancer : ) Criminal Development Group

susan
susan

DO NOT JUDGE OTHERS--NO ONE EVER GETS THE FULL STORY FROM THE PRESS--THE MEDIA WANTS TO FEED YOUR MIND INTO BELIEVING THESE STORIES IN A DOWNWARD ECONOMY!!!! I FEEL BAD FOR YOU PEOPLE WHO HAVE NOTHING BETTER THAN TO BASH PEOPLE YOU DON'T EVEN KNOW!!!

LORI
LORI

I know these two...both total scumbags! should go to prison!

ANN
ANN

May December??? Don't know what your definition is, but 6 years difference is not my definition!

JR
JR

Another asshole/goldigger combo. Does she have fake tits?(Does a Pope Shit on a child,,,,)

lil
lil

They are very nice don't judge people

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