According to KABC-TV Los Angeles, a San Clemente man who pleaded guilty to several white collar crime charges was sentenced to more than 13 years in prison.
John Anthony Miller, 52, was accused operating a Ponzi scheme that milked investors out of more than $21 million. Miller was charged with bribery, identity fraud, mail fraud, and passport fraud.
The U.S. Attorney's Office said Miller defrauded more than 130 people, taking money from people who had to withdraw money from their retirement accounts or borrow money against their homes.
Miller, who owned two investment companies in Newport Beach, JAM Jr. Enterprises and Forte Financial Partners, promised the victims annual returns of as much as 18 percent on their investments. He said the money would be invested in foreign currency trading, real estate, and oil wells, among other things. He even provided them with fabricated accounts statements that showed promising returns.
Charged with a White Collar Crime in Orange County?
If you have been accused of fraud or some other type of white collar crime, an Orange County criminal defense attorney at the Law Offices of Virginia L. Landry can help. Contact an Orange County fraud defense lawyer at the office to learn more about our defense services, experience, and qualifications. We accept all types of white collar cases, including those involving fraud, embezzlement, extortion, bribery, Internet crimes, money laundering, tax evasion, public corruption, and import & export crimes.