Beginning in 2010, the defendant created two websites designed to lure investors by promising huge returns. The scheme required investors to recruit other investors before they could collect their returns. At the time of her arrest, authorities estimated that she had duped between 200 and 300 victims throughout the United States.
Authorities believe the woman may have taken as much as $600,000 from would-be investors. The woman claimed she was working with accomplices off-shore and did not benefit from much of the money that she took. The woman claimed that she turned investor funds over to other individuals who had promised investment returns. She said that she never personally met the partners, nor did she know them by name.
Investigators say that they were not able to identify the conspirators. Prior to her arrest, the woman filed a police report detailing the fraudulent actions of her partners. However, she continued to solicit funds for the scheme. At the time of her arrest, the woman was living in a motel in Newbury Park.
Newbury Park securities fraud attorney
When you face securities fraud charges, your first move should be to hire an experienced securities fraud attorney like Robert Helfend. Mr. Helfend takes securities fraud cases in Ventura County and throughout Southern California.
Securities fraud is a violation of both federal law and state law. Regardless of how and where you are charged, Mr. Helfend can provide exceptional counsel and representation. He handles each case personally and will not pass your case along to a less experienced attorney.
Don’t wait to hire an attorney, and don’t assume that there’s nothing you can do to help yourself.Contact Robert Helfend or call toll-free at (800) 834-6434, (805) 273-5611, (310) 456-3317 or (818) 591-2809 for an immediate consultation on your Ventura County securities fraud case.
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