Steve Bachar arrested on felony charges of securities fraud, theft

This story first ran on BusinessDen.com, a BizWest news partner.

DENVER — Attorney and businessman Steve Bachar was arrested and booked into the Denver City Jail Tuesday evening on felony charges of securities fraud and theft related to a shuttered startup.

The Denver District Attorney’s office filed the charges against Bachar after a referral from the state Department of Regulatory Agencies Division of Securities and issued a warrant for his arrest last week.

If convicted, the charges carry a possible prison sentence between four and 12 years and fines from $3,000 to $750,000.

According to the affidavit filed with the warrant, a former friend…