Nevada and Wisconsin Men Convicted in $10 Million Fraud Scheme
From the Desk of Jim Eccleston at Eccleston Law LLC:
Two men have been found guilty in a $10 million investment fraud case. Anthony Brandel of Las Vegas and James Warras of Waterford, Wisconsin were convicted by a federal jury of conspiracy, wire fraud and securities fraud.
In the fraud scheme the two worked with a Swiss company, Malom Group AG (Malom an abbreviation for Make A Lot of Money). The team asked investors for up-front payment to access investment opportunities and to make cash loans for a profit. They were accused of forging bank documents to deceive investors, which included a sworn affidavit from Warras.
Sentencing is scheduled in March. Neither of the men could be reached for comment.
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