Two Men Convicted in Fraud Scheme

Two Men Convicted in Fraud Scheme

 

Anthony Brandel of Las Vegas, Nevada and James Warras of Waterford, Wisconsin were convicted by a federal jury of conspiracy, wire fraud and securities fraud. Both men allegedly worked with a Swiss company, Malom Group AG. They asked investors for up-front payments to access investment opportunities and to make cash loans for profit. Both were also accused of forging bank documents to deceive investors, which included a sworn affidavit from Warras. Both will be sentenced in March.

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