A Los Angeles Superior Court judge dropped the charges against a Valencia woman accused of securities fraud. Michelle Seward and Dror Soref initially faced 8 dozen counts of fraud, selling unregistered securities and defrauding via a securities transaction.
The case stems from an investigation into a 2009 investment operation for a never-produced movie, “Not Forgotten.” Prosecutors characterized the investment as a Ponzi scheme. Earlier this year, Seward agreed to return more than $1.1 million in investor funds. More than 40 investors initially agreed to fund the movie production.
The repayments represent commissions Seward earned on allegedly fraudulent transactions. Prosecutors claim that Seward and Soref promised double-digit returns to investors and minimized the potential risk. The same court dropped the charges against Soref earlier this year.
Los Angeles securities fraud lawyer
Securities fraud cases are complex. If you’re facing securities fraud charges, hire an experienced securities fraud attorney like Robert Helfend. Mr. Helfend has practiced criminal defense in Los Angeles County and throughout Southern California for nearly 35 years. He has defended thousands of Californians in both state and federal courtrooms.
He practices an aggressive, no-nonsense defense style. His first priority will be to get charges against you reduced or dropped. This strategy helps to reduce or eliminate your risk of conviction, and could reduce the severity of sentencing. Avoiding felony convictions in California is important, since repeat felony convictions can lengthen sentences significantly.
Don’t settle for an inexperienced attorney, or one who won’t fight aggressively for you in court. Choose an experienced attorney who knows what it takes to defend his clients’ rights and freedoms.
Contact Robert Helfend or call toll-free at (800) 834-6434, (310) 456-3317, (818) 591-2809 or (805) 273-5611 for an immediate consultation on your Los Angeles County securities fraud case.
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