Read the latest news relating to investor claims and broker fraud.

Ohio-Based Investment Advisor Sentenced to Over Eight Years in Prison

Enrique F. Villalba Jr., an Ohio-based investment advisor, was sentenced by a federal judge in Cleveland to over eight years in prison for a scheme that defrauded 27 investors out of $30.4 million, according to an article by WKYC. His sentence was handed down after he pled guilty to wire fraud.

Court documents show that Villalba told investors he would include stop order procedures as part of his "Money Market Plus" investment product in order to provide a conservative approach to future markets trading while still realizing an eight-to-12 percent return. The claim was that the stop orders would protect investors' principal investments. According to the WKYC article, the stop orders were never put into place, causing significant losses to the investors.

Our law firm is conducting an ongoing investigation into the potential liability of third party financial institutions involved in Mr. Villalba's investment scheme. For additional information on the investigation, please click here.
 
If you, or someone you care about, suffered losses as a result of investing with Mr. Villalba, please contact Ohio Attorney David P. Meyer by calling 614-224-6000 (or toll-free 1-866-827-6537), or via email at dmeyer@dmlaws.com.

About our law firm:

The Ohio-based law firm of Meyer Wilson represents individual and institutional investors who have been harmed by investment fraud. Contact us toll-free at 1.866.827.6537 for more information.

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