A Santa Barbara man was charged in Ventura County on charges related to a securities fraud. Ventura County prosecutors allege that Stephen Crozier, 64, took more than $500,000 from two Ventura County residents.
According to the complaint, Crozier collected the funds between 2009 and 2016, telling the victims that he would use the money to invest in a number of known companies. Instead of investing the funds, Crozier diverted the money for his own personal use, his living expenses and to pay previous investors.
Both of the victims were female, and one was elderly. The victims did not know each other, but a complaint by one victim led investigators to Crozier’s bank records. From those records, they were able to identify a second victim. He has been charged with 19 felonies, including grand theft, theft from an elder, forgery, money laundering and securities fraud.
Ventura securities fraud lawyer
If you’ve been arrested for securities fraud, investment fraud, grand theft or other financial-related crimes, you need the assistance of an experienced securities fraud lawyer like Robert Helfend.
Mr. Helfend has defended clients expertly in both federal and state courts for more than 30 years, and takes cases in Ventura County and throughout Southern California.
Sentences for financial crimes often involve incarceration and restitution, but incarceration removes a person from the workforce, and felony convictions make finding employment difficult, if not impossible. The end result is that the victim rarely receives restitution. A skilled defense attorney can help balance the state’s desire for justice and the need for victims to be made whole again by working toward sentencing that punishes the offense without eliminating the offender’s avenues for gainful employment.
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.
Photo Credit: Nazir Amin, via Flickr.com