Post by Logan on Jun 22, 2016 7:34:23 GMT -6
Oregon father and son scammed investors in business fraud conspiracy, indictment alleges
A father and son have been indicted on federal wire and bankruptcy fraud charges, accused of purporting to raise money for different capital projects while using investors' loans for personal use.
Ronald Stover, 62, of Tualatin, and his son, Jeffrey Stover, 40, of Wilsonville, entered not guilty pleas to indictments unsealed Monday during their first appearances in U.S. District Court in Portland.
The indictments allege that the two Stovers were working together for more than four years in a conspiracy to defraud investors and fund their own lavish lifestyles, according to Assistant U.S. Attorney Donna Maddux.
The charges allege the financial fraud occurred between March 29, 2010, and March 10, 2015.
Read more: www.oregonlive.com/portland/index.ssf/2016/06/oregon_father_and_son_scammed.html
A father and son have been indicted on federal wire and bankruptcy fraud charges, accused of purporting to raise money for different capital projects while using investors' loans for personal use.
Ronald Stover, 62, of Tualatin, and his son, Jeffrey Stover, 40, of Wilsonville, entered not guilty pleas to indictments unsealed Monday during their first appearances in U.S. District Court in Portland.
The indictments allege that the two Stovers were working together for more than four years in a conspiracy to defraud investors and fund their own lavish lifestyles, according to Assistant U.S. Attorney Donna Maddux.
The charges allege the financial fraud occurred between March 29, 2010, and March 10, 2015.
Read more: www.oregonlive.com/portland/index.ssf/2016/06/oregon_father_and_son_scammed.html