Monterey man to pay $70M on fraud charges
October 25, 2011
Total Loss:
$70 Million
A Monterey real estate lender has pleaded guilty to investment fraud and will pay nearly $70 million in restitution, federal prosecutors said Monday.
David A. Nilsen pleaded guilty Monday in San Jose federal court to one count of conspiracy to commit mail and wire fraud. In pleading guilty, ...
Source:
The Business Journal
Posted in:
ACH and Wire Fraud