February 10, 2016- Charlotte, North Carolina
The Charlotte Observer reports that Frank Enrique Lleras, of Charlotte, pleaded guilty to securities fraud and wire fraud in connection with a real estate scheme that bilked victims out of over $3 million.
Victims were led to believe that his company Optimum Property Investments made money by purchasing distressed and foreclosed real estate in Mecklenburg County and then reselling or leasing the property.
Sentencing will be scheduled in the future. Each count carries a maximum of 20 years. Fines could exceed $5 million.
Rex Securities Law , with offices in Boca Raton, FL, and Austin, TX, provides representation to investors nationwide who are 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.
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