3 men from California have been arrested for running a fraud investment company that has defrauded people worldwide. According to the officials, the three people have defrauded people for more than $10 million.
According to the reports, they operated a phony investment company. It lured the people to invest with them, citing that they will triple or even make Their money four times than what it originally was. That too, within a matter of a few months.
However, when the time of repayment came, they simply used to ignore their calls and emails. Allegedly, during this time, they even lied that the payment was being delayed because of the coronavirus pandemic.
According to the prosecutor, the trio has defrauded over 70 people worldwide. They belong to the United States, Germany, Italy, and some other countries. They have been defrauded over 10’s of thousands of dollars. They have been charged with various charges.
The attorney general said that “It takes a particular kind of callousness to rob people of their life’s savings by selling them on false hope,” That’s the kind of fraud the defendants, in this case, have allegedly committed.
We’re talking about as much money as some families earn in an entire year gone in just an instant.” For more such latest news stay tuned with us.