Attorney General Bonta Announces Arraignment in Fraudulent Real Estate Investment Scheme | State of California – Department of Justice

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OAKLAND – California Attorney General Rob Bonta today announced the indictment and arraignment of the owner of Downkicker, Inc. for allegedly running a fraudulent real estate investment scheme. As a result of the alleged 13-month scam, seven victims lost over $1.3 million. On October 29, 2021, a special statewide criminal grand jury indicted the defendant on 38 counts, including one count of operating a fraudulent securities scheme, 19 counts of securities fraud, 17 counts of grand theft, and one count of elder abuse. He was arraigned today in San Diego County Superior Court.

“Investing may involve various risks, but being swindled by unqualified individuals should not be one of them,” said Attorney General Bonta, “We are grateful today to the DOJ’s Bureau of Investigation and Department of Financial Protection and Innovation, as well as the United States Attorney’s Office for the Eastern District of California, and the Santa…

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