Thursday, March 31, 2005

West Coast Wire Fraud Conviction

Not everything is happening in AG Spitzer's territory.  One can easily find prosecutions and investigations on the West Coast.  For example, yesterday after a five hour deliberation, Matthew Hattabaugh was convicted of twelve counts of wire fraud by a federal jury. Mr. Hattabaugh was convicted based upon an indictment that alleged he "schemed to defraud prospective investors by falsely representing that he owned a bank called Pacific American Capital Corporation in Oakland."

According to a press release of the U.S. Attorney's Office in Northern District of California,  " Mr. Hattabaugh secured promises to invest over $4.5 million in his fraudulent bank.  Only after investors wired over $650,000 to Mr. Hattabaugh's account, did one person detect the fraud and contact the Federal Bureau of Investigation."

(esp)

http://lawprofessors.typepad.com/whitecollarcrime_blog/2005/03/west_coast_wire.html

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