Man’s Conviction For Wire, Securities Fraud In Advance-Fee Scheme Upheld

Mealey's (April 14, 2022, 9:55 AM EDT) -- SAN FRANCISCO — A Ninth Circuit U.S. Court of Appeals panel on April 7 upheld the conviction and forfeiture and restitution orders entered against a broker who was alleged to have participated in an advance-fee investment scheme, ruling that a Nevada federal court neither erred nor abused its discretion in issuing the rulings against the broker....