Two Investment Advisors Convicted in California of High Yield Investment Fraud
RealEstateRama   -   Real Estate   -   Government   -   Nonprofit   -   Web

Two Investment Advisors Convicted in California of High Yield Investment Fraud

-

WASHINGTON, DC – August 28, 2012 – (RealEstateRama) — William J. Ferry, a former stock broker and investment advisor, and Dennis J. Clinton, a former real estate investment manager, were found guilty by a federal jury in Santa Ana, Calif., today for their roles in a conspiracy to defraud a wealthy investor of $1 billion in a high-yield investment fraud scheme, announced Assistant Attorney General Lanny A. Breuer of the Justice Department’s Criminal Division. The investor was, in reality, part of an undercover FBI team that posed as wealthy investors and investment managers in an effort to stop fraudsters before they actually harmed victims.

Previous articleEnergy Efficiency Upgrades Part of a Winning Formula for Oregon School District
Next articleStatement From Attorney General Kilmartin on National Mortgage Settlement Progress Report