Carl Miller, as head of Orinda Real Estate Investment Group, has reportedly
been living a lavish lifestyle for a number of years. He has recently
been accused of nine counts of embezzling, totaling around $1 million,
from various investors; he also faces charges of theft and forgery.
Miller allegedly cheated clients out of their money by orchestrating
Ponzi schemes or giving investors fraudulent information.
One of the most shocking allegations against Miller is the accusation
that he embezzled $16,000 of Troop funds after acting as treasurer of
Orinda Boy Scout Troop 327 until 2010. Although the money was returned
after a short period, the prosecutor notes that it still constitutes a felony.
The district attorney's office launched their investigation into Miller
over a year ago after investors began requesting intervention and help.
Other investors took over the $10 million fund managed by Miller after
rumors of his misdeeds. Miller has pleaded not guilty and his preliminary
hearing was just pushed back to September 22nd.
Miller is a part of a trend of the struggling economy, where investment
firms get creative with pitching fraudulent investment schemes to vulnerable