DOJ v. Martin Schlaepfer

Martin Schlaepfer allegedly participated in a multimillion-dollar securities fraud scheme. According to the DOJ, beginning as early as October 2009, Schlaepfer and his co-conspirators promoted investments that they knew to be fictitious, telling victims that Malom would provide access to lucrative investment opportunities and substantial cash loans for an up-front payment. Schlaepfer and his co-conspirators provided victims with fabricated bank documents purporting to show that Malom held hundreds of millions of dollars in overseas bank accounts.

Summary generated from official Department of Justice press release