O.C. Man Pleads Guilty To Massive Scam
Personal Injury News
Article Date: 9/29/2009 | Resource: MLG
O.C. Man Pleads Guilty To Massive Scam
A Southern California insurance salesman accused of blowing investors’ money on sports cars, a mistress and real estate has pleaded guilty to federal fraud and money-laundering charges.
James R. Halstead entered the plea Monday and agreed to make restitution to his victims.
The 62-year-old will be sentenced in January and faces a maximum of 60 years in prison.
Halstead was also charged in April 2008 with drugging Olympic ice skater Oksana Grishuk at a dinner meeting, but prosecutors dropped the charges.
Halstead’s alleged partner in the financial scam struck a plea deal last year and is free on bail while awaiting sentencing.
For more information regarding this article please contact:
Jeffrey Marquart
(949)589-0150
jmarquart@marquartlawgroup.com