Federal and International

Real Estate Developer Pleads Guilty to $50 Million Securities Fraud Scheme

Washington, DC—(ENEWSPF)—May 8, 2014. A commercial real estate developer pleaded guilty for his role in a $50 million securities fraud scheme, announced Acting Assistant Attorney General David A. O’Neil of the Justice Department’s Criminal Division and U.S. Attorney Laura E. Duffy of the Southern District of California.

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Bradley Holcom, 55, entered his plea before United States District Judge Cathy Ann Bencivengo in San Diego, admitting that he committed wire fraud in connection with the sale…

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