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California Investment Fraud Involved Elder Abuse Charges

Back in October of 2009, Kenneth Doolittle was convicted on 20 counts related to theft and fraud for an investment scam involving his Monterey Bay Securities company in Aptos. Doolittle's sentencing hearing has just now been scheduled for September. The hearing had been delayed for nearly two years after Doolittle's attorney experienced health issues. According to court documents, the charges included both fraud and financial elder abuse. The allegedinvestment fraud promised returns of 13% for investors who put money into a company that remodeled and "flipped" mobile homes and reportedly targeted the elderly. Doolittle is said to have brought in about ten investors with the scheme.Doolittle's sentencing will take place in Santa Cruz on September 7th and is expected to also address restitution for the affected investors.If you have been the victim of a Santa Cruz investment scheme, you may be able to recover your losses. The experienced securities fraud lawyers with David P. Meyer & Associates have over 50 years of collective experience helping victims of investment fraud recover losses through FINRA arbitration, mediation, and litigation.

The information contained in The Firm’s posts on its blog, fraud alerts, investigations or elsewhere on the site is based upon information obtained from other sources including, but not limited to, news outlets and federal, state, and regulatory agency filings. All suspects and subjects of postings herein are presumed innocent until proven guilty in a court of law or administrative action and any and all crimes are alleged until a court or regulatory agency finds otherwise .

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