David B. Fein, United States Attorney for the District of Connecticut, announced that a federal grand jury sitting in New Haven returned an indictment today charging ROBIN BRUHJELL BRASS, 55, of Washington Depot, with four counts of mail fraud stemming from an alleged investment fraud scheme.
The indictment alleges that, from approximately March 2009 to approximately November 2011, BRASS, acting as a principal of The BBR Group, Nibor Investment Fund, LLC, and Creative Financial Services, Inc., and representing herself as a successful investment advisor, solicited funds from investors. BRASS would tell potential investors that their money would be safe if invested with her because she had a formula for investing that ensured against loss and guaranteed a good return on investment. However, BRASS failed to invest all of the funds entrusted with her and used some of the money to pay personal expenses for herself and her family, such as mortgage and credit card bills, college tuition bills, home furnishings, clothing, and to make “lulling” payments to previous investors.
The indictment further alleges that BRASS sent fraudulent account statements to certain investors that made it appear as if their investments were performing well.
If convicted, BRASS faces a term of imprisonment of up to 20 years and a fine of up to $250,000 on each count.
BRASS has been detained since her arrest on November 15, 2011.
U.S. Attorney Fein stressed that an indictment is not evidence of guilt. Charges are only allegations, and each defendant is presumed innocent unless and until proven guilty beyond a reasonable doubt.
************************************************************************
Report Securities Fraud by Calling 1-888-482-6825 or by visiting
www.reportsecuritiesfraud.net
No comments:
Post a Comment