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  • John Balazs is an attorney in Sacramento, California, specializing in criminal defense, including appeals, habeas corpus, pardons, expungements, and civil forfeiture actions. After graduating from UCLA Law School in 1989, he clerked for Judge Harry Pregerson of the U.S. Court of Appeals for the Ninth Circuit. John was an Assistant Federal Defender in Fresno and Sacramento from 1992-2001. He currently serves as an adjunct professor in clinical trial advocacy at the University of the Pacific McGeorge School of Law. Please email EDCA items of interest to Balazslaw@gmail.com. Follow me on twitter @balazslaw.

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April 24, 2011

Indictments Filed Against Two Alleged Real Estate Ponzi Schemes

A federal grand jury has returned indictments in two unrelated real estate Ponzi schemes, resulting in the arrest of two Sacramento-area men.

The indictments were returned April 14, but were sealed until the defendants were arrested.

Royce Newcomb, 49, of Granite Bay was arrested Friday on charges of wire fraud in an investment fraud scheme and is to be arraigned Monday.

In a similar but unrelated case, Garry Bradford, 62, of Sacramento was arrested Tuesday after a federal grand jury returned a five-count indictment charging him with wire fraud in connection with a real estate investment Ponzi scheme.

Sacramento Bee, 4/24/11.  And, the same Sacramento Bee, 4/23/11 had this story about a workers' comp fraud indictment.

Posted by at 04:49 PM in Fraud, Ponzi schemes |

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