Call Now For a Free Consultation:
(614) 532-4576
Nationwide Representation

San Francisco Investment Scam Takes $7 Million from Family, Friends, and Girlfriend

Robert Tunnell, a former San Francisco attorney, has been charged with running a California Ponzi scheme that took $7 million from victims. The victims in the alleged investment scam were mostly made up of Tunnell's family and friends, including even his girlfriend. Officials allege that, starting in 2006, Tunnell took the guise of a skilled investor and enticed investors with promises of conservative, low-risk investments that would provide high returns. Of the $10 million he took from investors, $7 million was lost on risky investments. The remaining cash was used to pay off a bank debt and earlier investors. Tunnell had previously been accused, among other charges, of taking $300,000 from the law firm where he was employed. He resigned from the California State Bar in 2001 and allegedly began offering to invest for family and friends, claiming he received no financial gain for doing so.Tunnell faces 7 counts of mail fraud, 13 counts of wire fraud, and 1 count of money laundering. He is currently free on bond. The experienced securities fraud attorneys with David P. Meyer & Associates have recovered millions of dollars for our clients and are devoted to helping victims of Ponzi schemes nationwide recover their losses.

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
Atlanta Office

945 East Paces Ferry Road, Suite 2275
Atlanta, GA 30326
Columbus Office

305 W. Nationwide Blvd
Columbus, OH 43215
Meyer Wilson
New Orleans Office

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

2029 Century Park East,
Suite 400N
Los Angeles, CA 90067
Cleveland Office

4781 Richmond Rd.
Suite 400
Warrensville Heights, OH 44128
Bloomfield Hills Office

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