Investment Fraud Case
A San Diego man was recently arrested and charged with investment fraud for stealing over $1.7 million of his own clients money. According to the San Diego Union Tribune story, he convinced friends, acquaintances, and other unsuspecting investors to invest in his capitol management company and that he would invest their funds for them. He would also claim to be a college educated professional with countless years of experience in the securities field. Like other ponzi schemes, he would often pay investors their profits with money he had collect from new investors, and would even provide false profits statements to his investors.
Being investigated or accused of fraud can be a very stressful situation to be in and should always be confronted with a qualified Vista or San Diego investment fraud attorney and criminal defense lawyer.