May 28, 2017
Former La Quinta man sentenced in investment scam
A former Riverside County man has been sentenced to 60 months in federal prison for soliciting investments in his money-losing day-trading operation that cost victims millions of dollars in losses. Robert Charles Butler, 50, was residing in La Quinta when he ran the investment scam. Butler solicited victims by falsely claiming to be a successful day trader who had created private investment funds. Even though he had actually lost millions of dollars trading stocks, Butler told victims to expect up to a 10 percent return on their investments. (INT)
Story Date: March 20, 2017
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