Lochmiller of Valley Investments is facing one count of conspiracy to commit mail fraud and securities fraud, one count of conspiracy to commit money laundering, 20 counts of money laundering and 10 counts of mail fraud. Philip Rand Lochmiller, has supposedly swindled over 400 investors of more than $30 million from his business in Grand Junction. His trial will take place at the U.S. District Court in Denver and a feed of the...
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