Tom Tolentino

Planet Waste

Tom Tolentino - Planet Waste

Business fraud allegations

In 2015, Tolentino and Planet Waste were sued for fraud by investor Ira Rosenblum who claimed Tolentino misled him into investing $750,000 in a new waste business based on false financial statements and misrepresentations of Planet Waste’s profitability.  After Rosenblum wired the money, Tolentino and another business partner allegedly began drawing annual salaries of $260,000 each, and refused to forgo these salaries when the new business venture began to fail.

After a judge found that Rosenblum’s case had enough merit to survive a motion to dismiss, the parties agreed to discontinue the case  but did not disclose the terms of any settlement.

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