Investment adviser pleads guilty in multimillion-dollar real estate scam

Investment adviser pleads guilty in multimillion-dollar real estate scam

With help from cfo brian hudlin, the company defrauded more than 100 people with claims that funds would be invested in distressed real estate. securities fraud charges against the former town.

Men agree to plea deal in fraud, money laundering scheme – Please enable Javascript to watch this video SALT LAKE CITY — Two men pleaded guilty to securities fraud and money laundering in connection with a multimillion dollar. where their investment money.

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Bellevue investment adviser Chris Yoo on Monday pleaded guilty to wire fraud and making false statements, admitting to having diverted millions of dollars from clients to bankroll his lifestyle.

Former investment advisor pleads guilty to securities fraud.. oldest mortgage banking and real estate sales company.. pay $100,000 to another investment adviser to buy the assets of two.

He was previously convicted of five counts of mail fraud, three counts of wire fraud, one count of securities fraud, and one count of investment adviser fraud. Boyle had previously pleaded guilty and.

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BOSTON – An Orleans investment adviser pleaded guilty in federal court Monday to defrauding her clients out of more than $3 million and using that money to buy luxury vehicles and vacations.

Mitchell Cohen, the owner of the now defunct Buy-A-Home real estate brokerage business, pleaded guilty to one count of conspiracy to commit wire, bank and mail fraud in connection with a multimillion-dollar mortgage fraud scheme, announced U.S. Attorney for the Southern District of New York Preet Bharara.

Douglas P. Simanski, a former Next Financial investment adviser and broker, has pleaded guilty to a $4.5M investor fraud for the criminal charges of wire fraud, securities fraud, and submitting false income tax returns. He is accused of bilking over 30 clients over a 14-year period.

David Blaine Welliver, who started his roller-coaster career as a financial adviser in the early 1990s with a $400 classified ad promoting his one-man office, retired in ignominy Wednesday in a federal courtroom in St. Paul when he pleaded guilty to a charge of securities fraud. Welliver, 56, of Buffalo, faces up to five years in prison.

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BOSTON – An Orleans investment adviser pleaded guilty yesterday in federal court in Boston to defrauding her clients of more than $3 million and using those funds for her own expenses.

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Coronado Business Owner Sentenced In Real Estate Fraud Scheme – Prosecutors said Gettel — who owned a real estate investment firm known as both Conix Inc. and Variant commercial real estate — fraudulently convinced lenders to make enormous loans against four.

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