A Newbury Park man was sentenced to five years in state prison on Sept. 9 for his role in an investment scheme targeting elders. Rod Hormell was a financial adviser. In May, the 59-year-old pleaded guilty to felony violations of theft from an elder and fraudulent sale of securities, admitting to stealing more than $100,000. Read More →
The Santa Barbara law firm Hollister & Brace added more tri-county residents to its Ponzi scheme case in which investors were allegedly bilked out of about $125 million. Joel Gillis and Edward Wishner and their Calabasas-based firm Nationwide Automated Systems Inc. allegedly sold investors on automated teller machines that often didn’t exist. Hollister & Brace’s Read More →