{"id":16623,"date":"2015-10-19T20:52:55","date_gmt":"2015-10-20T03:52:55","guid":{"rendered":"https:\/\/cjnotebook.com\/?p=16623"},"modified":"2015-10-19T20:52:55","modified_gmt":"2015-10-20T03:52:55","slug":"man-who-conned-five-dozen-investors-out-of-nearly-4-million-sentenced","status":"publish","type":"post","link":"https:\/\/cjnotebook.com\/?p=16623","title":{"rendered":"Man Who Conned Five Dozen Investors Out of Nearly $4 Million Sentenced"},"content":{"rendered":"<h2>LOS ANGELES<\/h2>\n<hr \/>\n<p>&nbsp;<\/p>\n<p><a href=\"https:\/\/cjnotebook.com\/wp-content\/uploads\/2014\/03\/u.s.DISTRICT-COURT-CENTRAL-DISTRICT.png\"><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-1648 alignleft\" src=\"https:\/\/cjnotebook.com\/wp-content\/uploads\/2014\/03\/u.s.DISTRICT-COURT-CENTRAL-DISTRICT.png\" alt=\"u.s.DISTRICT COURT CENTRAL DISTRICT\" width=\"157\" height=\"155\" \/><\/a>A federal judge on Monday sentenced a former registered representative at a now-defunct Sherman Oaks brokerage and investment firm to 18 months in federal prison on wire fraud charges associated with a real estate investment scam that resulted in about five dozen investors losing nearly $4 million, officials said.<\/p>\n<p><strong> U.S. District Judge Dale S. Fischer<\/strong> sentenced\u00a0<strong>Jonathan Greenfield<\/strong>, 50, of West Hills, who was a licensed securities representative at Morgan Peabody, Inc.<\/p>\n<p>Greenfield plead in December 2013 to two wire fraud counts, admitting that he provided his clients at Morgan Peabody with materially false information related to a real estate investment fund called the Sherwood Secured Investment Fund, LLC. Greenfield also admitted the he omitted material information in connection with the fund.<\/p>\n<p>The fund was created by <strong>former Morgan Peabody Chief Executive Officer David Williams<\/strong>, who pleaded guilty in May and is pending sentencing.<\/p>\n<p><strong>The Sherwood Secured Investment Fund<\/strong> offered a 9 percent annual return on investments made in \u201cdirect and indirect investments in real estate and real estate companies\u201d and other secured investments, but Williams admitted that he used the majority of investor money from the Sherwood Fund to pay for personal expenses.<\/p>\n<p>Greenfield was not charged with knowing that the 54-year-old Williams would misappropriate the fund monies, but was charged with misrepresenting to his clients the risk and the purpose of the investment.<\/p>\n<p>In addition to the prison term, Greenfield was ordered to pay restitution of $359,497 to victims of the fraud.<\/p>\n<p>&nbsp;<\/p>\n<p>Between June 2007 and April 2008, Williams fraudulently obtained more than $3.75 million from approximately 60 investors as a result of the Sherwood Fund offering.<\/p>\n<p><strong>In a plea agreement,Williams admitted that he did the following things:<\/strong><\/p>\n<ul>\n<li>He directed Morgan Peabody representatives to sell securities in a fund that Williams personally had created to invest in real estate, according to authorities.<\/li>\n<li>The Sherwood Secured Investment Fund, LLC, a Studio City business that Williams owned, offered a 9 percent annual return on investments.<\/li>\n<li>Williams used the majority of investor money from the Sherwood Fund to pay for personal expenses, including a lease on a $6 million residence in Toluca Lake.<\/li>\n<li>Williams also admitted that he failed to file returns with the IRS for tax years 2007 and 2008, and failed to report more than $2.3 million in income he received.<\/li>\n<li>Williams has agreed to pay additional taxes of $777,881 for those tax years, as well as the penalties and interest.<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>LOS ANGELES &nbsp; A federal judge on Monday sentenced a former registered representative at a now-defunct Sherman Oaks brokerage and investment firm to 18 months in federal prison on wire fraud charges&#8230;<\/p>\n","protected":false},"author":1,"featured_media":16417,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[16],"tags":[1786,473,1787,1446,1785],"class_list":["post-16623","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-home-main-slider","tag-brokerage","tag-fraud","tag-investment","tag-investors","tag-sherwood-fund"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.6 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Man Conned 60 Investors Out of Nearly $4 Million<\/title>\n<meta name=\"description\" content=\"A federal judge sentenced a former registered representative at a now-defunct Sherman Oaks brokerage and investment firm to 18 months for scamming about five dozen investors losing nearly $4 million\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cjnotebook.com\/?p=16623\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Man Conned 60 Investors Out of Nearly $4 Million\" \/>\n<meta property=\"og:description\" content=\"A federal judge sentenced a former registered representative at a now-defunct Sherman Oaks brokerage and investment firm to 18 months for scamming about five dozen investors losing nearly $4 million\" \/>\n<meta property=\"og:url\" content=\"https:\/\/cjnotebook.com\/?p=16623\" \/>\n<meta property=\"og:site_name\" content=\"American Justice Notebook\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AmericanJusticeNotebook\" \/>\n<meta property=\"article:published_time\" content=\"2015-10-20T03:52:55+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/cjnotebook.com\/wp-content\/uploads\/2015\/10\/Veterans-Fraud.png\" \/>\n\t<meta property=\"og:image:width\" content=\"480\" \/>\n\t<meta property=\"og:image:height\" content=\"275\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"Raul\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Raul\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/cjnotebook.com\\\/?p=16623#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/cjnotebook.com\\\/?p=16623\"},\"author\":{\"name\":\"Raul\",\"@id\":\"https:\\\/\\\/cjnotebook.com\\\/#\\\/schema\\\/person\\\/f5521baddca77b521f012298775186c0\"},\"headline\":\"Man Who Conned Five Dozen Investors Out of Nearly $4 Million Sentenced\",\"datePublished\":\"2015-10-20T03:52:55+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/cjnotebook.com\\\/?p=16623\"},\"wordCount\":403,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\\\/\\\/cjnotebook.com\\\/#organization\"},\"image\":{\"@id\":\"https:\\\/\\\/cjnotebook.com\\\/?p=16623#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/cjnotebook.com\\\/wp-content\\\/uploads\\\/2015\\\/10\\\/Veterans-Fraud.png\",\"keywords\":[\"Brokerage\",\"Fraud\",\"Investment\",\"Investors\",\"Sherwood Fund\"],\"articleSection\":[\"Home Main Slider\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/cjnotebook.com\\\/?p=16623#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/cjnotebook.com\\\/?p=16623\",\"url\":\"https:\\\/\\\/cjnotebook.com\\\/?p=16623\",\"name\":\"Man Conned 60 Investors Out of Nearly $4 Million\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/cjnotebook.com\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/cjnotebook.com\\\/?p=16623#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/cjnotebook.com\\\/?p=16623#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/cjnotebook.com\\\/wp-content\\\/uploads\\\/2015\\\/10\\\/Veterans-Fraud.png\",\"datePublished\":\"2015-10-20T03:52:55+00:00\",\"description\":\"A federal judge sentenced a former registered representative at a now-defunct Sherman Oaks brokerage and investment firm to 18 months for scamming about five dozen investors losing nearly $4 million\",\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/cjnotebook.com\\\/?p=16623\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/cjnotebook.com\\\/?p=16623#primaryimage\",\"url\":\"https:\\\/\\\/cjnotebook.com\\\/wp-content\\\/uploads\\\/2015\\\/10\\\/Veterans-Fraud.png\",\"contentUrl\":\"https:\\\/\\\/cjnotebook.com\\\/wp-content\\\/uploads\\\/2015\\\/10\\\/Veterans-Fraud.png\",\"width\":480,\"height\":275},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/cjnotebook.com\\\/#website\",\"url\":\"https:\\\/\\\/cjnotebook.com\\\/\",\"name\":\"American Justice Notebook\",\"description\":\"&quot;Our liberty depends on the freedom of the press, and that cannot be limited without being lost.&quot; \u2014  Thomas Jefferson\",\"publisher\":{\"@id\":\"https:\\\/\\\/cjnotebook.com\\\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/cjnotebook.com\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\\\/\\\/cjnotebook.com\\\/#organization\",\"name\":\"American Justice Notebook\",\"url\":\"https:\\\/\\\/cjnotebook.com\\\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/cjnotebook.com\\\/#\\\/schema\\\/logo\\\/image\\\/\",\"url\":\"https:\\\/\\\/cjnotebook.com\\\/wp-content\\\/uploads\\\/2014\\\/07\\\/Justice-Scales.jpg\",\"contentUrl\":\"https:\\\/\\\/cjnotebook.com\\\/wp-content\\\/uploads\\\/2014\\\/07\\\/Justice-Scales.jpg\",\"width\":675,\"height\":231,\"caption\":\"American Justice Notebook\"},\"image\":{\"@id\":\"https:\\\/\\\/cjnotebook.com\\\/#\\\/schema\\\/logo\\\/image\\\/\"},\"sameAs\":[\"https:\\\/\\\/www.facebook.com\\\/AmericanJusticeNotebook\"]},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/cjnotebook.com\\\/#\\\/schema\\\/person\\\/f5521baddca77b521f012298775186c0\",\"name\":\"Raul\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/c7f80bd073aca2abc2fc18e390e13d00b72d9d3a81bca4fd53e3567b02efee6f?s=96&r=g\",\"url\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/c7f80bd073aca2abc2fc18e390e13d00b72d9d3a81bca4fd53e3567b02efee6f?s=96&r=g\",\"contentUrl\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/c7f80bd073aca2abc2fc18e390e13d00b72d9d3a81bca4fd53e3567b02efee6f?s=96&r=g\",\"caption\":\"Raul\"},\"description\":\"Raul Hernandez is a former journalist. He has worked as a newspaper reporter for more than 30 years at the El Paso Herald-Post, El Paso Times, Press Enterprise in Riverside, California and the Ventura County Star in California. He was a court reporter for more than 20 years.\",\"sameAs\":[\"https:\\\/\\\/cjnotebook.com\\\/\"]}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Man Conned 60 Investors Out of Nearly $4 Million","description":"A federal judge sentenced a former registered representative at a now-defunct Sherman Oaks brokerage and investment firm to 18 months for scamming about five dozen investors losing nearly $4 million","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/cjnotebook.com\/?p=16623","og_locale":"en_US","og_type":"article","og_title":"Man Conned 60 Investors Out of Nearly $4 Million","og_description":"A federal judge sentenced a former registered representative at a now-defunct Sherman Oaks brokerage and investment firm to 18 months for scamming about five dozen investors losing nearly $4 million","og_url":"https:\/\/cjnotebook.com\/?p=16623","og_site_name":"American Justice Notebook","article_publisher":"https:\/\/www.facebook.com\/AmericanJusticeNotebook","article_published_time":"2015-10-20T03:52:55+00:00","og_image":[{"width":480,"height":275,"url":"https:\/\/cjnotebook.com\/wp-content\/uploads\/2015\/10\/Veterans-Fraud.png","type":"image\/png"}],"author":"Raul","twitter_misc":{"Written by":"Raul","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/cjnotebook.com\/?p=16623#article","isPartOf":{"@id":"https:\/\/cjnotebook.com\/?p=16623"},"author":{"name":"Raul","@id":"https:\/\/cjnotebook.com\/#\/schema\/person\/f5521baddca77b521f012298775186c0"},"headline":"Man Who Conned Five Dozen Investors Out of Nearly $4 Million Sentenced","datePublished":"2015-10-20T03:52:55+00:00","mainEntityOfPage":{"@id":"https:\/\/cjnotebook.com\/?p=16623"},"wordCount":403,"commentCount":0,"publisher":{"@id":"https:\/\/cjnotebook.com\/#organization"},"image":{"@id":"https:\/\/cjnotebook.com\/?p=16623#primaryimage"},"thumbnailUrl":"https:\/\/cjnotebook.com\/wp-content\/uploads\/2015\/10\/Veterans-Fraud.png","keywords":["Brokerage","Fraud","Investment","Investors","Sherwood Fund"],"articleSection":["Home Main Slider"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/cjnotebook.com\/?p=16623#respond"]}]},{"@type":"WebPage","@id":"https:\/\/cjnotebook.com\/?p=16623","url":"https:\/\/cjnotebook.com\/?p=16623","name":"Man Conned 60 Investors Out of Nearly $4 Million","isPartOf":{"@id":"https:\/\/cjnotebook.com\/#website"},"primaryImageOfPage":{"@id":"https:\/\/cjnotebook.com\/?p=16623#primaryimage"},"image":{"@id":"https:\/\/cjnotebook.com\/?p=16623#primaryimage"},"thumbnailUrl":"https:\/\/cjnotebook.com\/wp-content\/uploads\/2015\/10\/Veterans-Fraud.png","datePublished":"2015-10-20T03:52:55+00:00","description":"A federal judge sentenced a former registered representative at a now-defunct Sherman Oaks brokerage and investment firm to 18 months for scamming about five dozen investors losing nearly $4 million","inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/cjnotebook.com\/?p=16623"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/cjnotebook.com\/?p=16623#primaryimage","url":"https:\/\/cjnotebook.com\/wp-content\/uploads\/2015\/10\/Veterans-Fraud.png","contentUrl":"https:\/\/cjnotebook.com\/wp-content\/uploads\/2015\/10\/Veterans-Fraud.png","width":480,"height":275},{"@type":"WebSite","@id":"https:\/\/cjnotebook.com\/#website","url":"https:\/\/cjnotebook.com\/","name":"American Justice Notebook","description":"&quot;Our liberty depends on the freedom of the press, and that cannot be limited without being lost.&quot; \u2014  Thomas Jefferson","publisher":{"@id":"https:\/\/cjnotebook.com\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/cjnotebook.com\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/cjnotebook.com\/#organization","name":"American Justice Notebook","url":"https:\/\/cjnotebook.com\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/cjnotebook.com\/#\/schema\/logo\/image\/","url":"https:\/\/cjnotebook.com\/wp-content\/uploads\/2014\/07\/Justice-Scales.jpg","contentUrl":"https:\/\/cjnotebook.com\/wp-content\/uploads\/2014\/07\/Justice-Scales.jpg","width":675,"height":231,"caption":"American Justice Notebook"},"image":{"@id":"https:\/\/cjnotebook.com\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/AmericanJusticeNotebook"]},{"@type":"Person","@id":"https:\/\/cjnotebook.com\/#\/schema\/person\/f5521baddca77b521f012298775186c0","name":"Raul","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/secure.gravatar.com\/avatar\/c7f80bd073aca2abc2fc18e390e13d00b72d9d3a81bca4fd53e3567b02efee6f?s=96&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/c7f80bd073aca2abc2fc18e390e13d00b72d9d3a81bca4fd53e3567b02efee6f?s=96&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/c7f80bd073aca2abc2fc18e390e13d00b72d9d3a81bca4fd53e3567b02efee6f?s=96&r=g","caption":"Raul"},"description":"Raul Hernandez is a former journalist. He has worked as a newspaper reporter for more than 30 years at the El Paso Herald-Post, El Paso Times, Press Enterprise in Riverside, California and the Ventura County Star in California. He was a court reporter for more than 20 years.","sameAs":["https:\/\/cjnotebook.com\/"]}]}},"_links":{"self":[{"href":"https:\/\/cjnotebook.com\/index.php?rest_route=\/wp\/v2\/posts\/16623","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/cjnotebook.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/cjnotebook.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/cjnotebook.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/cjnotebook.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=16623"}],"version-history":[{"count":1,"href":"https:\/\/cjnotebook.com\/index.php?rest_route=\/wp\/v2\/posts\/16623\/revisions"}],"predecessor-version":[{"id":16624,"href":"https:\/\/cjnotebook.com\/index.php?rest_route=\/wp\/v2\/posts\/16623\/revisions\/16624"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/cjnotebook.com\/index.php?rest_route=\/wp\/v2\/media\/16417"}],"wp:attachment":[{"href":"https:\/\/cjnotebook.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=16623"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/cjnotebook.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=16623"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/cjnotebook.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=16623"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}