Disbarred Lawyer Charged In $9.5M Investment Fraud

Law360, New York (March 10, 2011, 6:20 PM EST) -- A federal grand jury in California on Thursday hit disbarred attorney Mark Roy Anderson with a 12-count indictment for allegedly defrauding investors out of approximately $9.5 million by promising big profits in oil.

The indictment, filed in the U.S. District Court for the Central District of California, lists three counts each of wire fraud and securities fraud and six counts of money laundering. Anderson, who was arrested Feb. 23 after a criminal complaint was filed against him, is set for arraignment on Monday.

Anderson, 56, was...
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