Financial Fraud: Anthony J. Klatch II Sentenced For Conspiracy, Securities Fraud, Wire Fraud, and Money Laundering

<h2>Tampa Investment Scheme Mastermind Sentenced To More Than Nine Years In Federal Prison<&sol;h2>&NewLine;<p>Tampa&comma; Florida – U&period;S&period; District Judge James D&period; Whittemore today sentenced Anthony J&period; Klatch II &lpar;36&comma; previously of Tampa&rpar; to nine years and seven months in federal prison for wire fraud&period; The Court also ordered that he serve this sentence consecutive to a 39-month sentenced imposed in December 2016&comma; in the Southern District of Florida for access device fraud and identity theft&period; Klatch also must pay &dollar;516&comma;754&period;94 in restitution to the victims of his investment scheme&period;<&sol;p>&NewLine;<div class&equals;"mh-content-ad"><script async src&equals;"https&colon;&sol;&sol;pagead2&period;googlesyndication&period;com&sol;pagead&sol;js&sol;adsbygoogle&period;js&quest;client&equals;ca-pub-9162800720558968"&NewLine; crossorigin&equals;"anonymous"><&sol;script>&NewLine;<ins class&equals;"adsbygoogle"&NewLine; style&equals;"display&colon;block&semi; text-align&colon;center&semi;"&NewLine; data-ad-layout&equals;"in-article"&NewLine; data-ad-format&equals;"fluid"&NewLine; data-ad-client&equals;"ca-pub-9162800720558968"&NewLine; data-ad-slot&equals;"1081854981"><&sol;ins>&NewLine;<script>&NewLine; &lpar;adsbygoogle &equals; window&period;adsbygoogle &vert;&vert; &lbrack;&rsqb;&rpar;&period;push&lpar;&lbrace;&rcub;&rpar;&semi;&NewLine;<&sol;script><&sol;div>&NewLine;<p>According to court documents&comma; in or around 2011&comma; Klatch pleaded guilty to federal charges of conspiracy&comma; securities fraud&comma; wire fraud&comma; and money laundering in the Southern District of Alabama&period; In December 2014&comma; after his release from federal prison&comma; he began serving a term of supervised release in Tampa&period;<&sol;p>&NewLine;<p>While on supervised release&comma; Klatch directed the establishment of and controlled a company called Assurance Capital Management&comma; LLC &lpar;&OpenCurlyDoubleQuote;ACM”&rpar; and maintained a bank account opened in that name&period; Between June 2015 and September 2015&comma; Klatch used ACM to represent to investors and potential investors that ACM was a company with over &dollar;18 million in client assets under management and that ACM and those working for ACM engaged in profitable online stock trading on behalf of its investors&period; In truth&comma; ACM was a shell company used by Klatch to induce and defraud investors&period;<&sol;p>&NewLine;<p>In executing his scheme&comma; Klatch would often disguise his true identity and tell investors that his name was &OpenCurlyDoubleQuote;Larry Heim&comma;” ACM’s fund manager&period; Klatch&comma; often posting as &OpenCurlyDoubleQuote;Larry Heim&comma;” provided investors and potential investors false and fraudulent <a class&equals;"wpil&lowbar;keyword&lowbar;link" href&equals;"https&colon;&sol;&sol;www&period;fraudswatch&period;com&sol;tag&sol;financial-fraud&sol;amp&sol;" title&equals;"financial" data-wpil-keyword-link&equals;"linked" data-wpil-monitor-id&equals;"785">financial<&sol;a> statements and other investment materials showing that ACM was profitable and had more than &dollar;18 million in online trading accounts and that its funds were profitably traded&period; In reality&comma; ACM had few if any funds &OpenCurlyDoubleQuote;under management&comma;” and the funds ACM did have were either lost by Klatch during trading or used by him for personal expenditures&period; In total&comma; Klatch defrauded investors out of more than &dollar;516&comma;000&period;<&sol;p>&NewLine;<p>In early 2016&comma; while serving a nine-month sentence for violating his supervised release in the Alabama case&comma; but before being charged in this case&comma; Klatch absconded from a halfway house&period; He was rearrested approximately six months later in Miami&period; At the time of his arrest&comma; he had approximately eight stolen identities in his possession that he had used to generate counterfeit credit cards to purchase such things as luxury automobiles and resort memberships&period;<&sol;p>&NewLine;<p>This case was investigated by the Federal Bureau of Investigation&comma; with assistance from the Commodities Futures Trading Commission&period; It was prosecuted by Assistant United States Attorney Mandy Riedel&period;<&sol;p>&NewLine;<p><a href&equals;"https&colon;&sol;&sol;www&period;justice&period;gov&sol;usao-mdfl&sol;pr&sol;tampa-investment-scheme-mastermind-sentenced-more-nine-years-federal-prison">Original PressReleases&&num;8230&semi;<&sol;a><&sol;p>&NewLine;

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