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...
Read MoreHedge Fund Billionaire Convicted On 14 Counts of Fraud
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on May 27, 2011 in Denver Criminal Defense, Federal Criminal Defense, Insider Trading, White Collar Crime
Raj Rajaratnam, a hedge fund billionaire, was convicted on 14 counts of fraud and conspiracy. It was a historic victory for the Justice Department when the verdict came in. They used tactics that were once only reserved for mobsters, drug dealers to help expose insider trafficking between financial professionals and their corporate insiders. Rajaratnam, 53, was accused of using fraud to reap profits or avoid losses of more than $60...
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