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Linda Deavers Sentenced in $3.5 Million Fraud Scheme

Linda Deavers Sentenced in $3.5 Million Fraud Scheme 150 150 Rex Securities Law

Orlando, FLLinda Deavers, age 61, of Indiana, was sentenced to six years and six months in federal prison for wire fraud and money laundering. In addition, US District Judge Anne C. Conway , ordered Deavers to pay over $3.5 million in restitution and three years of supervised release following her time in prison.

At trial, evidence showed that Deaver’s scheme involved a purported 501 C 3 charitable organization, Angel Annie Humanitarian Trust, LLC, that supposedly would generate large rates of return due to connections she had in Europe. These representations were false and enabled Deavers to raise over $5 million from Florida investors.

She returned $1.8 million to investors and spent the rest on a lavish lifestyle.

Rex Securities Law provides nationwide representation to investors seeking recovery of investment losses due to the negligence or fraud of stockbrokers and broker dealers. If you have questions about how your account has been handled, call to speak with an experienced securities attorney.  Most cases handled on a contingent fee basis meaning that you do not pay legal fees unless we are successful.

Rex Securities Law

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