Alexander James Trabulse, 61, of Daly City, California and France, was arrested at San Francisco International Airport last week when he arrived on a flight from France. Trabulse has been charged with mail fraud in connection with alleged fraud involving the Fahey Fund LP managed by his Fahey Financial Group, Inc. Authorities claim Trabulse had mailed out account statements to investors that had been inflated as much as 200 percent. Meanwhile, prosecutors claim Trabulse used the money for personal expenditures and to support a lavish lifestyle. According to authorities, investors lost as much as $10 million since at least 1998 when the SEC believes the fraud commenced. The SEC brought an action against him in 2007 and a final judgment was entered against him ordering that all his assets be liquidated.
Read the story here, here and here.
Read the SEC's complaint against Trabulse here.
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