New Smyrna Beach Man Guilty of Defrauding United States Investors

by ParkmanLaw on June 25, 2013

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A Florida man has been convicted following a jury trial for his involvement in a scheme to defraud investors from across the country out of millions of dollars.  Alan Gilner, 78, was found guilty of conspiracy, mail fraud, wire fraud, and money laundering.  Last month, Randi A. Bochinski pleaded guilty to wire fraud, mail fraud, and money laundering for his role in the same scheme.

Gilner and Bochinski promised investors significant returns on their investments within a short amount of time.  They recruited United States investors, including friends, and advertised in an investment newsletter that is circulated throughout the United States.  Gilner made the initial presentations and often brought Bochinski in when he needed help convincing the potential investors.  The two men used portions of the investments to pay at least some of the promised returns in an attempt to lull investors into believing their funds were invested as promised.

Under the federal statutes, the maximum penalty for the conspiracy charge is five years in prison followed by three years of supervised release and a $250,000 fine.  For the mail and wire fraud charges, Gilner faces up to 20 years in prison followed by three years of supervised release and a $250,000 fine.  The money laundering charges could have Gilner facing up to ten years in prison followed by three years supervised release and a $250,000 fine.

United States District Court Judge Douglas P. Woodlock has scheduled the sentencing hearing for September 26, 2013.  The case was prosecuted by the Assistant United States Attorneys Sara E. Walters and Stephen E. Frank of Ortiz’s Economic Crimes Unit.

If you find yourself facing federal fraud charges, it is important to find an experienced mail fraud attorney to represent you. The attorneys of Parkman & White, LLC have a history of success in the court room and are ready to represent clients nationwide.

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