Posted by: Lawyer Sanders | January 16, 2010

Kentucky lawyer Sanders says Fort Thomas financial investor indicted for stealing from investors in business venture.

Donald L. Huber, 46 year-old financial advisor from Ft. Thomas, Ky is indicted for with two counts of wire fraud. According to the indictment, beginning in November 2006 and continuing through December 2008, Huber solicited investors for a business venture known as Aquaduck Swim School, LLC.

Huber allegedly obtained money from investors to cover start- up costs and other business expenses, but the indictment accuses Huber of using the money for personal expenses such as his mortgage, credit card bills, vacations, and loans.  Huber allegedly deposited money from investors – some of which had been wired from locations out outside of Kentucky – into his personal checking accounts. 

The investors lost more than $470,000 combined.  If convicted of the two charges, Huber faces a maximum prison sentence of 20 years.

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