Bond Scammer Pleads Guilty

Saskal, Rich
March 2006
Bond Buyer;3/31/2006, Vol. 355 Issue 32351, p37
Trade Publication
The article reports on the court's judgment to Edwin Torres, pleading guilty for peddling fake municipal bonds to nine counts of mail fraud and seven counts of wire fraud. Torres admitted that he used his status as past president of the Moraga Chamber of Commerce and a member and past president of the Moraga Rotary Club to convince investors to buy the high-yielding municipal bonds from Los Angeles and Orange Country. He was released through bail pending sentencing.


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