Man accused of scamming Piedmont residents out of hundreds of thousands captured in Greensboro

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John Natale Michelotti

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GREENSBORO, N.C. — A man accused of scamming Piedmont Triad victims out of hundreds of thousands of dollars was captured Friday in Greensboro by U.S. Marshals.

John Natale Michelotti, 68, of Clemmons, is charged with two counts of securities fraud/violation, obtaining property by false pretense and obtaining property by false pretense greater than $100,000 out of Surry County.

Michelotti is also charged with two counts of obtaining property by false pretense out of Davidson County.

According to the warrants, the alleged offense took place between February 2006 and March 2010.

According to the special agents with the North Carolina Secretary of State, Michelotti allegedly scammed victims for more than $200,000 using bogus companies.

Michelotti allegedly used a company known as “White Investments” to lure individuals into investing with him.

Michelotti persuaded one victim to invest $25,000 with the company guaranteeing a return on the investment through securities. A second victim was taken for more than $170,000 through a real estate scam. The victim signed a Quit Claim Deed and Michelotti allegedly sold the property and kept the proceeds.

There was also a second victim in the real estate scam that lost $25,000. Michelotti allegedly used the money from his fake companies to support his lifestyle and to open up a window and door company in Greensboro.

The U.S. Marshals said countless hours of surveillance and interviews went into attempting to locate Michelotti.

Their efforts paid off when investigators observed Michelotti in a vehicle at the intersection of Pembroke Drive and Northline Avenue in Greensboro at about 7:30 a.m. Friday.

The Marshals converged and surrounded the vehicle, taking Michelotti into custody without incident.

Michelotti was transported to the Guilford County Detention Center where he is currently being held on a $130,000 bond.

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