John Anthony Miller, 51, of San Clemente, California pleaded guilty last week to defrauding investors out of at least $15 million over an 8 year period. Specifically, Miller plead guilty to mail fraud, bribery, passport fraud and identity fraud. According to prosecutors, Miller operated JAM Jr. Enterprises and Forte Financial Partners, two purported investment firms and offered annual returns of as much as 18 percent in investments including foreign currency trading, oil wells, real estate. Miller was arrested in November 2008 as he was preparing to leave the country in the midst of his companies' collapse. He had paid a 5,000 bribe to obtain the passport of a former high school classmate who had passed away.
Read the story here.
Read the DOJ announcement here.
Read the criminal complaint here.
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