Alleged Investment Fraud Used California PTA to Find Investors
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.
The California investment fraud lawyers with Meyer Wilson represent victims of California investment scams in stockbroker mediation, arbitration, and litigation.