Newton man charged with wire fraud

Posted on January 10th, 2011 No Comments

A Newton, Massachusetts man is facing charges for a stock fraud scheme in which he allegedly committed wire fraud and filed a false income tax return.

39 year-old Randy M. Cho claimed to be a broker who could buy stocks at reduced prices for his investors. According to authorities, he told investors that he was able to get the discounts through his working relationship with Goldman Sachs.

Prosecutors believe that this scheme continued for eight years, during which Cho spent some of the money on expensive items for himself.

If you or someone you know has been charged with fraud or other criminal charges, don’t hesitate to contact experienced, aggressive Massachusetts theft and fraud attorney James Powderly today by calling 508-343-0676.

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