Photo of Attorneys at Sawyer Legal Group, LLC
Photo of Attorneys at Sawyer Legal Group, LLC

Charged With A Crime? It Doesn’t Mean You’re Guilty.

Partners Sentenced in Theft – Douglas County, Colorado

On Behalf of | Jun 10, 2011 | Theft |

Two investment managers were recently sentenced for stealing 1.5 million dollars from investors. They were convicted in Douglas County, Colorado, of a class 3 felony theft. They are expected to pay back the money stolen as well as serve five years in the Colorado Department of Corrections for their crimes. The managers took the money through an investment scam, from money earmarked for a business and housing development. The Denver Post reported that the scam took place from September 2002 to March 2007. Victims of the managers’ thefts were promised generous returns on their investment as an inducement to turn over their money. In the end, they received nothing.

Colorado theft is classified in the Colorado Revised Statutes 18-4-401 as a class 2 misdemeanor if the value of the item involved is less than $500. It is a class 1 misdemeanor if the item involved is $500 to $999. It is a class 4 felony if the value is $1,000 to $19,999.99. If valued at $20,000 or more, then the theft is classified as a class 3 felony. For more information, look at our Theft page.

It is important for anyone considering an investment to carefully seek the advice of trusted professionals before investing their hard earned money. Police, the Better Business Bureau, and second opinions from uninvolved financial advisors can all be good resources. The elderly are especially susceptible to investment scams and should never invest money with solicitors. A second opinion from family and trusted professionals can save a lifetime of regret.

At the O’Malley Law Office P.C., we care about you. Whether your alleged Douglas County, Colorado offense involves 1.5 million dollars, or a smaller sum, we are able to help. If you or a loved one has been contacted by a Castle Rock Police Officer or Douglas County Sheriff regarding any potential embezzlement, be smart, exercise your right to remain silent, and call us right away at 303-731-0719. Together, we can protect your future.