LOP man arrested on more than 70 counts of investment fraud | TheUnion.com
YOUR AD HERE »

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.


Support Local Journalism


Support Local Journalism

Readers around Grass Valley and Nevada County make The Union’s work possible. Your financial contribution supports our efforts to deliver quality, locally relevant journalism.

Now more than ever, your support is critical to help us keep our community informed about the evolving coronavirus pandemic and the impact it is having locally. Every contribution, however large or small, will make a difference.

Your donation will help us continue to cover COVID-19 and our other vital local news.

 

Start a dialogue, stay on topic and be civil.
If you don't follow the rules, your comment may be deleted.

User Legend: iconModerator iconTrusted User