Phillip R. Trujillo, of Loveland, has recently been convicted on six felony
charges related to alleged acts of investment fraud. According to court
records, Trujillo was working as an investment advisor, and he had been
working in that industry for more than 27 years. Trujillo was licensed
as an investment advisor in 30 states.
The alleged investment scam is said to have taken almost $6 million from
70 investors. It is believed that Trujillo lured investors in with the
promise of big returns and absolutely no risk. Unfortunately for investors,
Trujillo allegedly failed to disclose that investors' money was actually
going into promissory notes, which were unsecured, and also failed to
disclose that he was making commissions on those investments, along with
information about associated fees.
With this conviction, Trujillo is looking at a potential 12 years in prison,
along with fines for each felony count. The sentencing hearing is scheduled
for March 7th of this year. Two other people have already pleaded guilty for their roles
in the alleged promissory note fraud.
investment fraud attorneys with Meyer Wilson represent investors nationwide in
stockbroker mediation, arbitration, and litigation claims after investment fraud or stockbroker
misconduct has led to losses. Speak with us today for more information
about how we can help you recover from financial fraud. If you have additional
questions about protecting yourself from these kinds of scams, read David
P. Meyer’s FREE guideFive Signs of Investment Fraud …And What to Do if it’s Happened to You.