Did Valley Investments co-owner appears in federal court at grand junction colorado?
GRAND JUNCTION, Colo. — A man accused of cheating local investors out of millions of dollars during the past few years, made his initial appearance Thursday in federal court in Grand Junction. Philip R. Lochmiller of Mack is charged with multiple counts of fraud and conspiracy in connection with the failure of Valley Investments. The counts range from conspiracy to commit mail fraud to money laundering. He faces decades in prison if convicted as charged. Lochmiller, 61, appeared in court two days after he was indicted by a federal grand jury along with his alleged co-conspirators. U.S. Magistrate Judge Gudrun Rice advised Lochmiller of the counts he faces before a courtroom packed with former investors. About 60 people attended the one-hour hearing Thursday afternoon. Lochmiller was later released on a $100,000 personal recognizance bond. He is to return at 2 p.m. Dec. 22 for arraignment in the same court. The judge attached a number of conditions to his bond including one that prohibi
Former Paul Hastings tax associate Eric A. Holzer on Tuesday was spared a prison term for trading on inside information on two corporate transactions in 2005. Southern District of New York Judge Victor A. Marrero ordered Holzer to spend nine months in a halfway house, on weekends if he chooses, although the guidelines range for his crimes, as well as the U.S. Department of Probation, called for a minimum of one year behind bars. Holzer, 35, choked back sobs as he appealed to Marrero for leniency in sentencing him for single counts of securities fraud and conspiracy to commit securities fraud. “I’ve embarrassed myself, my friends, my family and my colleagues,” he told the court. “I want you to know. I need you to know, that you’ll never find Eric Holzer in this kind of situation again.” The guidelines called for a sentencing range of between 12 and 18 months in prison, but Marrero said he agreed with the probation department’s assessment that this was “a good person who made a terrible
GRAND JUNCTION, Colo. — A man accused of cheating local investors out of millions of dollars during the past few years, made his initial appearance Thursday … Sources: http://news.google.com/news/url?sa=t&ct2=us%2F0_0_s_0_0_t&usg=AFQjCNG4mWTfYEitZL8mldoDjZ5VexCiqQ&cid=1490681059&ei=dp8rS6D4DJ2s9QTDyNb0AQ&rt=SEARCH&vm=STANDARD&url=http%3A%2F%2Fwww.gjfreepress.
