LOP man arrested on more than 70 counts of investment fraud | TheUnion.com

LOP man arrested on more than 70 counts of investment fraud

Lake of the Pines resident William Lawson Campbell has been arrested for allegedly defrauding a number of Nevada County residents with fraudulent investments.

Campbell was arrested Monday morning and charged with grand theft, sales of securities without qualifications, and the unlawful sales of securities involving 24 victims.

“The Major Crimes Unit conducted a very detailed and lengthy investigation into allegations that Campbell defrauded investors of $650,000 over a period of two years,” said Nevada County Sheriff Keith Royal. “He allegedly sold pre-IPOs in stock that did not exist. He took money, but never invested it. Instead, he used it for personal gain.”

Many of the victims were personal acquaintances, Royal said, adding that the Sheriff’s Office still is seeking anyone who might have been defrauded by Campbell.

“It took a while to put the case together,” said Nevada County District Attorney Cliff Newell.

For more on the story, read Wednesday’s edition of The Union.

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