Federal authorities have charged a West Hollywood concert promoter with wire fraud. Prosecutors say that the promoter told investors that he had secured well-known acts to perform in his events. The promoter, who lives in Las Vegas, operated from offices in West Hollywood.
According to the indictment, the promoter operated an investment scheme for eight years. He told investors that he organized hard rock music events and World Wrestling Entertainment (WWE) events.
He showed investors memorabilia from previous events and falsified financial records. Additionally, he told investors that he had agreements from well-known artists for future performances. He told investors that their funds would be used to provide advance financing for the future performances. However, the promoter did not have agreements with entertainers, and used investor funds to pay his personal expenses.
Prosecutors believe that the promoter defrauded at least 15 investors, who lost a combined total of $1.4 million. FBI investigators found significant evidence that the promoter used investor funds for meals, child support and similar expenses, but they did not find evidence that he used investor funds to pay business expenses. He also faces identity theft charges because he used another promoter’s name in connection with the wire fraud.
West Hollywod Fraud Lawyer
If you’re facing fraud, embezzlement or other similar charges, you need the assistance of an experienced fraud attorney like Robert Helfend. Mr. Helfend has practiced criminal defense in Los Angeles County and throughout Southern California for more than 30 years. He knows what it takes to provide an aggressive, effective defense for his clients.
Mr. Helfend manages each case personally, so his clients work directly with him on all aspects of their cases. His first priority will be to get the charges against you reduced or dropped. When that is not possible, he will work closely with you and the prosecution to achieve the best possible outcome for your case.
Contact Robert Helfend or call toll-free at (800) 834-6434, (310) 456-3317, (818) 591-2809 or (805) 273- 5611 so you can set up an immediate consultation on your Los Angeles County fraud case.
Photo Credit: Ice Cream Man, via Flickr.com