Alleged $65M Real Estate Fraudster Settles With SEC

Law360, New York (October 18, 2011, 7:16 PM EDT) -- A California accountant accused of defrauding investors who put about $65 million into real estate and other investments he controlled has struck a settlement with the U.S. Securities and Exchange Commission, the regulator said Tuesday.

San Bernardino County, Calif., resident Charles P. Copeland, who founded investment advisory business Copeland Wealth Management, allegedly took investors' money to put into real estate and then directed $20 million of that into his own companies or into unrelated speculative investments.

Copeland also failed to disclose conflicts of interest, like over...
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