jump to navigation

Utah man charged in Georgia over $30M scheme December 27, 2010

Posted by jefhenninger in News.

Federal prosecutors in Georgia have charged a Utah man with leading an investment company that allegedly bilked more than 100 people out of more than $30 million. Thomas Repke pleaded not guilty Monday to multiple counts of mail fraud, wire fraud and conspiracy and was soon after released on a $250,000 bond.  Prosecutors said he and James Jeffery, promised people who invested in their company, Coadum Capital, with monthly returns of 5 percent (which should have been a huge red flag).  But instead of keeping the money in escrow accounts, authorities say the two transferred more than $20 million to accounts in Switzerland and the Mediterranean island of Malta. At this point, most of the money is gone.  

Story is here.

Atlantic City Criminal Defense Attorney


No comments yet — be the first.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

%d bloggers like this: