Man Gets 6 Months in Prison for Investment Fraud
A con man was sentenced to six months in prison last week after pleading guilty to investment fraud in Delaware.The man, 46-year-old Darren Dobson, pleaded guilty in January for selling an unregistered security and working as an unregistered securities agent. The charges stemmed from $45,000 Dobson allegedly took from a New Jersey couple.
According to the charges, Dobson promised the couple a $10 million return on a $50,000 investment within six months. Of that amount, $7 million was supposed to be donated to a charity. The couple gave him $45,000 in 2005 but never received anything in return.
Now, Dobson faces six months in prison and 30 months of supervised release. He was also ordered to pay $68,000 in restitution (the original investment plus interest) and was banned from any future sale of securities.
"While we are satisfied that this con artist was sent to prison for the crimes he committed, no sentence can reverse the devastating effects of this scam on his innocent victims,” Attorney General Biden said.
About our law firm:
The law firm of David P. Meyer & Associates represents Ohio investors in stockbroker mediation, arbitration, and litigation claims. Contact us toll-free at 1.866.429.2360 or complete the online form at the top of this page to learn more about your legal rights.
Category: General
The law firm of Meyer Wilson represents clients throughout Ohio, including the cities of Columbus, Cleveland, Cincinnati, Toledo, Akron, Dayton, Canton, Mansfield, Portsmouth, Findlay, Boardman, Youngstown and Lorain. We also represent clients nationwide in securities arbitration and litigation.
There are no comments.
Post a comment
Post a Comment to "Man Gets 6 Months in Prison for Investment Fraud"
To reply to this message, enter your reply in the box labeled "Message", hit "Post Message."