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

Securities Fraud Leads to Guilty Plea From Former Pastor

A former Boulder pastor has pleaded guilty to a felony securities fraud charge. Loren Ankarlo entered his guilty plea on Tuesday, December 14, 2010, in Boulder District Court.Mr. Ankarlo has been accused of approaching people whom he attended church with and bilking them out of thousands of dollars in what authorities have described as a Ponzi scheme. He allegedly raised between $200,000 and $275,000 from each investor through his company, One Source Group.Investors were told that their money would be combined with other investors' as part of an investment “platform.” According to Boulder County District Attorney Stan Garnett, they were to receive net short-term returns of up to 50 percent.Mr. Ankarlo admitted in court to making untrue statements or omitting information. Douglas Wertzbaugher and Kevin Lauritsen were also listed on the arrest warrant affidavit for their alleged involvement in the investment scam.In light of Mr. Ankarlo’s guilty pleas, prosecutors agreed to dismiss three counts of felony securities fraud, three counts of felony theft and a count of conspiracy to commit securities fraud. Prosecutors also dismissed charges of violating the Colorado Organized Crime and Control Act.A Lafayette couple reportedly lost $275,000 by investing with Mr. Ankarlo.Mr. Ankarlo is expected back in court on February 11, 2010.

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