Securities Fraud Charge for Oxnard Man
Securities Fraud Charge for Oxnard Man
An Oxnard man will face charges of securities fraud because he promised his victims that he could triple their money by investing it in stocks. He falsely told his victims that he was an investment broker.

As part of the scam, the man accepted cash only. Detectives from the Oxnard Police Department arrested him after discovering that Los Angeles County issued a warrant for his arrest. The man does not hold a securities license, but perpetrated the same scam in Los Angeles County.

Oxnard Securities fraud attorney


If you’re facing charges of securities fraud, or a financial crime related to investments, you need the assistance of an experienced securities fraud attorney like Robert Helfend. Mr. Helfend practices criminal defense and for more than 30 years, thousands of Southern Californians have turned to him for help.

Mr. Helfend manages each case personally, so you will work directly with him on your defense. He does not pass cases along to less experienced attorneys, which can happen at larger, less personal law firms.

Mr. Helfend aggressively defends his clients in court and throughout the judicial process. He does not judge clients based on what they’ve been charged with, but works to ensure their rights. First, he will work to get charges against you reduced or dropped. If that’s not possible, he will work toward the best possible outcome for your case. He uses a plain-English approach with his clients, so you’ll always understand what is happening with your case.

Don’t rely on an inexperienced criminal defense attorney, and don’t work with an attorney who won’t aggressively defend you in court. Felony convictions can affect you for the rest of your life, so choosing the right counsel is essential.

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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Securities fraud arrest for UT man
Securities fraud arrest for UT man
Federal authorities arrested a Utah man in connection with a $65 million securities fraud scam. The scheme targeted investors in western states including Utah and California. The man faces charges of conspiracy, misrepresentations in the sale of investment opportunities. He also faces charges of theft from an elder and employing an artifice or scheme to defraud.

The man, who owned an investment firm known as Total Wealth Management, engaged in the sale of securities without proper licensure. He worked with at least two other individuals, including a California man. The US Securities and Exchange Commission sued the man in 2015, in an attempt to disrupt the scheme.

Investigators say that the man used client funds to pay SEC fines and legal fees. He also misappropriated client funds by disguising the fraud as administrative fees. Further, investigators found that the man accepted kickbacks from investments. They also discovered that many of the firm’s preferred investment vehicles were either bankrupt or close to it. In addition, the man had direct or indirect connections to many of the preferred investments.

The man regularly solicited new investors through a weekly radio program that focused on investments. In addition, investigators found that he regularly promised unprecedented returns on investments, or claimed to have made substantial gains, even during economic low periods.

California securities fraud lawyer


Federal prosecutors vigorously pursue people accused of financial crimes. The federal conviction rate is exceptionally high. That’s why you need an experienced securities fraud lawyer, if you’re accused of financial crimes. Those crimes may include securities fraud, wire fraud, mail fraud, investment fraud, theft and other similar crimes.

Robert Helfend practices law in the Los Angeles area, but takes federal securities fraud cases anywhere in the United States. Securities fraud cases are complex, so you need an aggressive, prepared and experienced lawyer who is not afraid to take on a zealous federal prosecutor.

Don’t assume that there’s nothing you can do to defend yourself, and don’t take a plea without consulting an experienced attorney first.

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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Camarillo Grand Theft Suspect Pleads Guilty
Camarillo Grand Theft Suspect Pleads Guilty
A Camarillo man was accused of stealing more than $750,000 from a victim. Recently he pleaded guilty to 5 counts of grand theft, two counts of forgery and 11 counts of money laundering.

The defendant, who worked at the Camarillo Airport, helped the victim purchase airport hangar leases. After negotiating the purchase of the leases for the victim, the defendant forged the buyer’s signature on two leases. He then transferred to other people over a period of 18 months. Following the transfer, the defendant misled the victim for more than seven years regarding the lease ownership.

The suspect received rents for hangar space of nearly $780,000 over seven years. During that time, he did not turn over any of the money to the original leaseholder. The defendant will be sentenced in October for his role in the fraud. He could receive a sentence of as much as 22 years in prison.

This is not the defendant’s first brush with the law. In 2010, he received a 6 month jail term and fines of more than $300,000 following a state tax evasion conviction. He failed to pay income tax on nearly $2 million in personal income over 9 years. He also failed to file state tax returns and pay corporate income tax on nearly $10 million in sales between 2000 and 2008.

Camarillo grand theft lawyer


If you’re facing theft charges, hire an experienced, competent and aggressive criminal defense attorney like Robert Helfend. Mr. Helfend has practiced criminal defense for more than 30 years in Ventura County and throughout Southern California. He is an aggressive, prepared and respected criminal defense attorney, and is well regarded among his peers.

Don’t rely on an inexperienced criminal defense attorney when your freedom is at stake. 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 theft/securities fraud case.

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Antitrust Conviction for Bid-Rigging
Antitrust Conviction for Bid Rigging
In February, a federal jury handed down an antitrust conviction for a real estate investor accused of bid rigging. The jury found Thomas Joyce guilty on a single charge, after prosecutors dropped two counts of mail fraud against him.

According to prosecutors, Joyce and others conspired to buy foreclosed properties at lower-than-market prices. The conspirators also paid off other prospective bidders to eliminate competition at auctions.

Once Contra Costa County auctioned the properties, the conspirators held a second, private auction. The second auction determined the sale price of the property. It also determined the amount of the payoff for the suppressed bids. Joyce is one of more than 5 dozen people to plead guilty or be found guilty of antitrust violations related to foreclosure auctions. According to prosecutors, they have pending indictments on several other individuals in foreclosure related actions.

California antitrust attorney


Antitrust charges are complex, and often difficult to defend against. Federal prosecutions are also difficult to win. Currently, federal prosecutors have a conviction rate that exceeds 90%. That doesn’t mean you should give up or give in. It means that you need an experienced federal criminal defense attorney like Robert Helfend to defend you in court.

Mr. Helfend has more than 30 years of experience as a criminal defense attorney. He takes cases in both federal and state courts. He will fight aggressively for your rights, and will work toward the best possible resolution of your case. Mr. Helfend handles each case personally, so your case receives his full and complete attention. That’s not something you’ll receive from a larger, less personal law firm that relies on less experienced attorneys to try cases.

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 antitrust case.

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Securities Fraud Plea Leads To SEC Inquiry
Securities Fraud Plea Leads To SEC Inquiry
A recent guilty plea to charges of securities fraud by LA financier Jason Galanis triggered an SEC investigation into the Banc of California. CEO Steven Sugarman resigned last month as the bank’s executive officer after the bank acknowledged it was under investigation.

Galanis pleaded guilty last summer to securities fraud charges, for his role in falsely inflating a company’s stock price. Once other investors had poured money into the company, Galanis sold his holdings in the company. He then transferred the gains to other companies. Those companies had ties to Banc of California board members, and Jason Sugarman, the brother of Steven Sugarman.

Jason Sugarman is a part owner of the MLS Los Angeles Football Club. The club sold the naming rights to its stadium to Banc of California for more than $100 million. Team officials say that they do not intend to withdraw from the naming-rights deal. The bank will not confirm its continued participation.

Analysts speculate that the investigation may focus on a statement issued by the bank last fall. The statement said the Board of Directors hired an independent law firm to investigate Jason Galanis’ connections to the bank. Last month, the bank acknowledged that the first law firm was actually hired by bank management executives. They also acknowledged that the firm had ties to the bank and to Steven Sugarman. The Board of Directors later hired an outside law firm with no previous ties to the bank or to its executives.

Ventura securities fraud attorney


Securities fraud cases – and financial fraud cases in general – can be very complex. Often, allegations of impropriety tread a fine line, and actions that may seem illegal are not. A qualified, experienced criminal defense attorney can hire expert witnesses to help the judge or jury understand the finest points of a securities fraud case.

Robert Helfend is a securities fraud attorney who has practiced criminal defense for more than 30 years in Ventura County and throughout Southern California. He knows what it takes and can bring together the resources needed to defend clients against serious financial fraud charges.

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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Antitrust crimes prosecuted aggressively by Feds
Antitrust crimes prosecuted aggressively by Feds
The US Department of Justice reported that it prosecuted 44 individuals in FY 2014 for antitrust violations. Many actions are brought against companies, but individual executives can also be charged with criminal violations of the federal anti-competition laws.

Criminal activities that are governed by the federal statutes include price fixing, bid rigging and market allocation schemes. Of the 44 prosecutions in 2014, the DOJ says that 22 of the defendants were executives in auto parts companies. 11 defendants were real estate investors.

In the past twenty-five years, the average number of antitrust prosecutions per year has risen from 13 in the 1990’s to 29 between 2010 and 2014. In other words, the DOJ has more than doubled its average number of prosecutions. In addition, the average prison sentence for convictions has also more than tripled during the same time. In the 1990’s, the average prison sentence for convictions was 8 months. Today, the average prison sentence for the same crimes is 25 months.

This signals the federal government’s plan to pursue more prosecutions and more aggressive prosecutions for antitrust violations. In addition to more prosecutions and longer jail terms, the federal government is expanding its sphere of influence. In 2013, the Department of Justice secured its first ever extradition of a foreign national for prosecution on anti-competitive practices in the US. That extradition was quickly followed by a second extradition in an unrelated case.

Ventura County Antitrust Lawyer


The greater Los Angeles area is a prime target for federal prosecutions because so much business is conducted here. The Port of Los Angeles is the largest port in the United States, and one of the largest in the world. Each year, the Port of Los Angeles handles more than $300 billion in goods coming to and leaving from the United States. It is an area of prime interest for the federal government, and the DOJ is getting very good at breaking up multinational antitrust conspiracies. Having a foreign address may not offer much protection against federal investigators.

That’s why you need the assistance of an experienced antitrust lawyer like Robert Helfend. If you’re facing federal antitrust charges, don’t settle for an inexperienced lawyer! Mr. Helfend has more than 30 years of criminal defense experience at both the state and federal levels.

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 antitrust case.

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Securities fraud appeal settled
Securities fraud appeal settled
Earlier this year, the Second District Court of Appeals informally upheld a plea agreement by two former Southern California mortgage brokers that allowed the defendants to avoid trial and pay restitution of just over $100,000 in a securities fraud case that involved investor losses of more than $8 million.

A local San Luis Obispo judge initially overturned the plea agreement, but was instructed by the appeals court to reinstate the plea agreements for Rodney Jarmin and Tammy Jordan, who owned a firm called Real Property Lenders. In 2011, the District Attorney filed seven felony counts against the pair, including securities fraud. Prosecutors alleged that Jarmin and Jordan had failed to inform new investors that developers had defaulted on loans made by RPL and that the pair had stopped paying dividends on investors’ loans to the company.

In 2015, prosecutors and the defendants’ attorneys reached a plea deal that reduced all seven felony counts to misdemeanors, but prosecutors later objected to the deal and the judge in the case eliminated the plea agreement and rescheduled the trial on the original charges.

Defense attorneys for the pair argued that the judge should not have overturned the original plea agreement, and that it should still be in force. The Appeals Court agreed and indicated that the Superior Court should either accept the plea deal, or allow the prosecutors to plead their case to the Appeals Court.

The Superior Court reinstated the plea deal and the Jarmin and Jordan were sentenced according to the terms of the original deal. As part of the plea agreement, the pair received no jail time, and was ordered to make restitution to the investors in the amount of $114,000.

Ventura County securities fraud lawyer


Securities fraud charges are complex, and criminal cases often involve plea agreements. If you’ve been accused of securities fraud, your first move should be to hire an experienced criminal defense attorney who will aggressively fight to get the charges against you reduced or dropped.
As this case shows, reducing the severity of the charges can have a major impact on sentencing and restitution in a plea agreement. Don’t risk your freedom on an inexperienced attorney or one who won’t fight for you in court.

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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Ventura fraud lands Canyon Lake man in jail
Ventura fraud lands Canyon Lake man in jail
A Canyon Lake man has pleaded guilty to two counts of fraud and three counts of grand theft in connection with a foreclosure fraud scheme he operated in Ventura.

Patrick Iturra, 46, promised clients that he could help them avoid foreclosure, and often took advance payments of thousands of dollars from them, even though he did nothing to help them avoid losing their homes. Iturra wasn’t the only person charged in the scheme. Robert and Rosalva Sanchez of Oxnard, were also indicted on grand theft and fraud charges pleaded guilty. They were ordered to serve 180 days in jail and make financial restitution to their victims.

The trio operated Mercury Business Group, which purported to offer financial services, including foreclosure avoidance, debt management, real estate investment services and credit education. The business operated out of a Pasadena address since 2009.

Ventura Fraud Lawyer


If you’ve been accused of fraud, grand theft or a similar crime, you should know that Ventura County fraud lawyer Robert Helfend is ready to take your case. Mr. Helfend has more than 30 years of experience in criminal defense, and takes cases in Ventura County and throughout Southern California.

He handles each case personally, so you’ll always have the benefit of his extensive experience. His first priority will be to get the charges against you reduced or dropped. When that’s not possible, he will work with prosecutors to ensure that you benefit from the best possible resolution to your case.

Don’t risk your freedom on an inexperienced criminal defense attorney when you can work with one of the best, most aggressive defense attorneys in Southern California. 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 fraud case.

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MN man pleads guilty to securities fraud
MN man pleads guilty to securities fraud
Earlier this year, a Minnesota man pleaded guilty to operating the largest Ponzi scheme in Orange County history. According to federal prosecutors, Gerard Cellette, 51, of Andover, MN pleaded guilty to securities fraudand other charges. In all, Cellette pleaded guilty to 455 felony counts associated with a years-long Ponzi scheme that involved investors from all over the country.

Many of the victims came from Orange County, and provided about $150 million in funding to the scheme. Cellette told investors that he had printing deals with major retailers like Target, but needed capital to perform the work. In some cases, Cellette promised investors returns of 10% over 90 days.

Instead of investing the funds into his non-existent business, Cellette used new investor funds to pay off previous investors, and diverted a significant amount of the money to his personal expenses. Orange County investors lost about $21 million in the scam. Other investors around the nation lost an additional $34 million. According to prosecutors, Cellette used investor funds to purchase lakefront properties, luxury items, and commercial properties.

The guilty plea came with a 35 year sentence, a $40 million fine and a restitution order of $20 million. Cellette does not have the funds or enough assets to make restitution in full or to pay the court-ordered fine.

Ventura securities fraud attorney


Securities fraud charges are frequently prosecuted by the federal government. The size and scope of the fraud often determine who prosecutes the crime. If you’ve been arrested for securities fraud, investment fraud or other similar financial crime, you need an experienced federal criminal defense attorney like Robert Helfend.

Mr. Helfend has more than 30 years of experience, exclusively in criminal defense, and he is ready to take your case. Federal prosecutions are intense, in part because the federal government is very well funded and well prepared to conduct extended prosecutions. You need an attorney who will fight aggressively or you.

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/federal defense case.

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Securities fraud sentencing stalled for dairy farm scheme
Securities fraud sentencing stalled for dairy farm scheme
Sharon Palmer, the Santa Paula woman who was convicted of securities fraud in 2015 has yet to be sentenced for the crime. James Stewart and Larry Otting were convicted of grand theft, and a special enhancement of aggravated white-collar crime for their role in the financing scheme for a farm that sold unpasteurized milk.

Stewart formed Rawesome Foods as a members-only cooperative, and sold raw milk produced at Palmer’s Health Family Farms. Palmer wanted to exercise an option to purchase the farm property, which she leased. Palmer, Stewart and Otting conspired to use Otting’s line-of-credit to secure funds for Palmer’s down payment on the farm. In exchange for the use of Otting’s line of credit, Palmer promised Otting the use of 10 of the farm’s 51 acres.

The trio then attracted other investors to repay Otting’s loan. Under the plan, Palmer would make the mortgage and tax payments. The investors were given unsigned deeds of trust, which proved worthless. Investors were instructed to wire the money directly to Otting, or to Healthy Family Farms in an effort to disguise the source of the funds. Palmer, Stewart and Otting knew that the bank that issued the mortgage would have denied the loan had it known that third party investments were involved in the purchase.

This is not the first time that Palmer has run into legal trouble. In 2011, she was accused of purchasing thousands of dollars worth of meat, poultry and eggs, and selling it at local farmers’ markets while claiming that the products originated from her farm, and that the animals had not been feed commercial feed products. In addition, Stewart was accused of illegally importing unpasteurized milk from Pennsylvania and selling it to consumers.

Santa Paula Securities Fraud Lawyer


If you’ve been arrested for securities fraud in Santa Paula, or anywhere in Southern California, you need the assistance of an experienced securities fraud lawyer like Robert Helfend. Mr. Helfend has practiced criminal defense exclusively in Southern California for more than 30 years, and has established a reputation as an aggressive defender of his clients’ rights.

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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