MINNEAPOLIS—Earlier today in federal court, a 35-year-old Colorado man was charged with scheming investors of $7 million. Evan Matthew Flaxman, of Silverthorne, Colorado, was charged via an information with one count of mail fraud in connection to the scheme.
Allegedly, from December 2009 through March 2012, Flaxman induced investors to give him money, which he said would be invested on their behalf. Flaxman then allegedly used the money for personal use, including the purchase of Ferraris and Porsche automobiles and a Rolex watch. Purportedly, he also used the money to pay his taxes.
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Report Securities Fraud by Calling 1-888-482-6825 or by visiting
www.reportsecuritiesfraud.net
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