Call Now For a Free Consultation:
(614) 502-6165

Fake Investment Broker Jonathan Neal Leber Charged With Stealing $2.4m From Clients in Indiana & Kentucky

A federal grand jury has charged Jonathan Neal Leber, a purported financial advisor in Barren County, Kentucky, with defrauding Kentucky and Indiana investors out of approximately $2.4 million. According to the federal indictment, Leber used false pretenses, false representations, and false promises to persuade clients of his financial advisement company, Intrepid Financial Strategies, Inc., to entrust him with their money.

From Aug. 2007 to Jan. 2011, Leber allegedly promised his clients that he would invest their funds in a variety of securities, including bonds, tax lien certificates, stocks, annuities, and a Styrofoam recycling business. He also allegedly told his IRA clients that he could reinvest their retirement money in qualified “rollover” investment accounts that would pay higher rates of return than the accounts they already had.

According to the indictment, however, Leber never intended to invest his clients’ funds in any of the ways he represented. Instead, he allegedly planned to steal their money and use it for his personal purposes. Prosecutors say investors were defrauded out of more than $2 million in his investment scheme. Additionally, though he allegedly represented himself as a financial advisor, FINRA has no record of Leber or his company (as of 6/22/12).

Leber pled guilty to similar fraud charges in a Kentucky circuit court in March. As part of his state plea, he admitted to lying to clients about his background and experience. His sentencing date is scheduled for later this month. If convicted on the new charges, he could face up to 20 years in a federal prison, plus a $500,000 fine and three years of supervised release.

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 .

Share This Story
If you found the information provided by this article useful, consider sharing to your social media channels to help others in their search for reliable resources.
Consult with Our Legal Team
There is never a cost associated with a consultation
Columbus Office

614-224-6000
305 W. Nationwide Blvd
Columbus, OH 43215
Meyer Wilson
New Orleans Office

900 Camp Street 
Suite 337
New Orleans, LA 70130
Los Angeles Office

310-905-8688
2029 Century Park East,
Suite 400N
Los Angeles, CA 90067
Cleveland Office

216-600-1355
4781 Richmond Rd.
Suite 400
Warrensville Heights, OH 44128
Bloomfield Hills Office

248-817-8214
41000 Woodward Ave.,
Suite 350
Bloomfield Hills, MI 48304
Quick Links
The information contained in this Website is provided for informational purposes only, and should not be construed as legal advice on any subject matter. No recipients of content from this site, clients or otherwise, should act or refrain from acting on the basis of any content included in the site without seeking the appropriate legal or other professional advice on the particular facts and circumstances at issue from an attorney licensed in the recipient's state. Read More
The information contained in this Website is provided for informational purposes only, and should not be construed as legal advice on any subject matter.
Read More
chevron-down linkedin facebook pinterest youtube rss twitter instagram facebook-blank rss-blank linkedin-blank pinterest youtube twitter instagram