Fraudster Brothers Can't Shake $78M Indictment

Law360, New York (September 28, 2010, 1:42 PM EDT) -- A federal judge has rejected Matthew and Lance La Madrid’s attempts to dismiss a grand jury indictment charging the brothers with operating a $78 million hedge fund fraud through their investment company Plus Money Inc.

On Monday, Judge William Q. Hayes of the U.S. District Court for the Southern District of California swept aside the defendants’ bid to derail the criminal trial, finding no merit in claims that the July 2009 indictment was defective.

Matthew “Beau” La Madrid, president and treasurer of Plus Money and manager...
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Case Information

Case Title

USA v. La Madrid et al

Case Number



California Southern

Nature of Suit

Date Filed

July 7, 2009

Government Agencies

UK Financial Services

UK Financial Services

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