Lochmiller of Valley Investments is facing one count of conspiracy to commit mail fraud and securities fraud, one count of conspiracy to commit money laundering, 20 counts of money laundering and 10 counts of mail fraud.
Philip Rand Lochmiller, has supposedly swindled over 400 investors of more than $30 million from his business in Grand Junction. His trial will take place at the U.S. District Court in Denver and a feed of the trial will be available to the public in the Wayne N. Aspinall Federal Building, 400 Rood Ave., in Grand Junction.
According to charges, Lochmiller withheld the knowledge from investors that he had pleasded guilty in California to 30 counts of securities fraud. In addition, investors would told they would earn returns of up to 18% annually and were given documentation犀利士
that they owned lots in an affordable housing project. After investigation, it was found that individual lots has several owners recorded. Up to 17 deeds were issued for the same lot deed, according to investigators.
His business, Valley Investments, located at 1445 N. Seventh St., was shut down in May 2009.
As a former Assistant U.S Attorney, I have had experience in many cases like these. These are very serious charges and if you are accused of a white collar crime, you will need a very good attorney experienced in federal criminal charges. As an Assistant District Attorney, I tried over 70 criminal jury trials, ranging from murder, armed robbery, sexual assaults of adults and children and kidnapping, to DUI, assault and simple drug possession.