Investment adviser to stand trial for alleged investment scheme
FORT COLLINS – Fort Collins investment adviser Gene Little will stand trial beginning Aug. 5 for allegedly defrauding investors in a Ponzi scheme.
Judge James Hiatt ordered Little to stand trial on 42 charges of securities fraud and theft after plea bargaining negotiations failed to reach a resolution of the case.
Little allegedly promised investors big returns and paid existing investors with money taken from new investors. The case against Little alleges he solicited investments from more than 300 people between 2002 and 2006, taking in more than $11 million.
FORT COLLINS – Fort Collins investment adviser Gene Little will stand trial beginning Aug. 5 for allegedly defrauding investors in a Ponzi scheme.
Judge James Hiatt ordered Little to stand trial on 42 charges of securities fraud and theft after plea bargaining negotiations failed to reach a resolution of the case.
Little allegedly promised investors big returns and paid existing investors with money taken from new investors. The case against Little alleges he solicited investments from more than 300 people between 2002 and 2006, taking in more than $11 million.
