Marciela Barajas and Juliana Menefee, both of Diamond Bar, have been accused
of running an investment fraud scheme that took millions from investors.
Eva Perez, an additional suspect in the case, may have also appeared at
the recent arraignment, but reports were unclear. Perez, of Chino, is already
in prison for a San Bernardino County fraud case.
According to officials, the investment scam took in about $14 million
total from 40 investors, although it has been said that the three women
returned $10 million of that amount to investors. Barajas, Menefee, and
Perez allegedly told investors that they would be able to bring returns
of 100% through their exclusive rights to sell dairy products from AltaDena
Dairy to certain retailers, including Disneyland and the associated Disney
Hotels. Many of the victims of the alleged fraud were found through membership
in the Neil A. Armstrong Elementary School Parent Teacher Association (PTA).
Both Barajas and Menefee have pleaded not guilty and are currently out
on bond. They are expected to return for a hearing on October 20th.
California investment fraud lawyers with Meyer Wilson represent victims of California investment scams in
stockbroker mediation, arbitration, and litigation.