Lochmiller Sr. Found Guilty On Investment Scam

Jul 21st @ 3:58 pm in News by Scott Staley

philip lochmiller

DENVER  -  The Closing Arguments in the trial of Philip Lochmiller Senior were made in a Denver court yesterday.  Lochmiller has been accused of scamming thirty million dollars from investors through his now-defunct company Valley Investments.  Earlier today the jury returned a verdict of guilty on all counts which include conspiracy, money laundering conspiracy, money laundering and mail fraud.  One of those implicated in this scam is Shawnee Carver who pleaded guilty last year to conspiracy to commit securities and mail fraud.  According to authorities KJCT has learned that this investment fraud scheme involved millions of dollars….
Source: KJCT