January 6, 2015–Dallas TX
The FBI announced in a press release that Andrew Lee Siegel , a Dallas attorney, pleaded guilty to an additional mail fraud charge in connection with an investment scheme in which he raised over $1.5 million from 35 investors who thought they were investing in a new vodka company. In July 2014, Siegel pleaded guilty to one count of felony criminal infringement of a copyright.
In 2010, Siegel formed two companies Dynasty Spirits, LLC and Speak Easy Distillers, LLC, which were purportedly formed for the purpose of producing and distributing “Nue Vodka“. Siegel later became manager of Vanguard Spirits which was to produce and distribute ‘Vanguard Vodka“.
According to prosecutors, Siegel used over $400,000 on personal expenses and then tried to cover up the scheme by creating fraudulent emails using the copyrighted logo of The Northern Trust Company. He faces up to 25 years in prison and fines.
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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