Investment Co. Founder Cops To $21M Fraud Scheme

Law360, Miami (September 17, 2013, 3:58 PM EDT) -- The founder of investment company Commodities Online LLC on Tuesday pled guilty to running an investment fraud scheme that bilked more than 700 investors out of $21 million.

James C. Howard III, 53, of Parkland, Fla., pled guilty before U.S. District Judge Ursula Ungaro to one count of conspiracy to commit mail and wire fraud for the scheme that involved making false representations and omissions about COL ownership units to investors, according to the U.S. Attorney's Office for the Southern District of Florida.

Between January 2010...
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