North Suburban Financial Adviser Charged With Fraud for Allegedly Swindling $2.5 Million From Elderly Clients
Zamoras attempted to conceal the scheme by using newly raised investment funds to make Ponzi-type payments to earlier investors, the charge alleges. Zamoras intentionally failed to disclose these payments to both the new and earlier investors, the information states. From 2009 until August of this year, Zamoras defrauded at least a dozen investors out of approximately
The information charges Zamoras, 55, of
The information was announced by
The public is reminded that an information is not evidence of guilt. The defendant is presumed innocent and entitled to a fair trial at which the government has the burden of proving guilt beyond a reasonable doubt.
Mail fraud is punishable by up to 20 years in prison. If convicted, the Court must impose a reasonable sentence under federal statutes and the advisory
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