Tuesday, October 31, 2023

USAO - California, Central News Update

U.S. Department of Justice
Offices of the United States Attorneys

 
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10/30/2023 08:00 AM EDT

The owner of an Orange County real estate finance business was sentenced today to 63 months in federal prison for fraudulently obtaining nearly $6.2 million, most of which he took by making false promises to an investor that shares of his private company were about to be publicly traded on the Nasdaq stock exchange.
 

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