{"id":4778,"date":"2017-09-04T14:52:08","date_gmt":"2017-09-04T19:52:08","guid":{"rendered":"https:\/\/www.investorlawyers.com\/blog\/?p=4557"},"modified":"2017-09-04T14:52:08","modified_gmt":"2017-09-04T19:52:08","slug":"ex-virginia-investment-company-owner-arrested-nearly-20m-fraud","status":"publish","type":"post","link":"https:\/\/www.investorlawyers.com\/blog\/ex-virginia-investment-company-owner-arrested-nearly-20m-fraud\/","title":{"rendered":"Ex-Virginia Investment Company Owner Arrested in Nearly $20M Fraud"},"content":{"rendered":"

\t\t\t\tDaryl Gene Bank, who is the owner of dozens of Virginia liability companies, and Raeann Gibson have been arrested in an alleged investment fraud that prosecutors believe cost investors almost $20M. They are charged with mail fraud, wire fraud, conspiracy to commit both, taking part in illegal monetary transactions, and running a number of investment scams between 2012 through July 2017.<\/p>\n

WTVR reports that among the allegations against Bank is that he caused a number of material misrepresentations and omissions to be presented to a number of investors, including a blind elderly investor who gave Bank $20K of his retirement money. Bank allegedly placed most of the funds in Prime Spectrum, which is purportedly an investment scam. <\/p>\n

If convicted, Bank could be ordered to serve up to 260 years behind bars. Gibson could be sentenced to up to 240 years.<\/p>\n

Continue Reading \u203a<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Daryl Gene Bank, who is the owner of dozens of Virginia liability companies, and Raeann Gibson have been arrested in an alleged investment fraud that prosecutors believe cost investors almost $20M. They are charged with mail fraud, wire fraud, conspiracy to commit both, taking part in illegal monetary transactions, and running a number of investment […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[3781,3738,3803],"tags":[2877],"class_list":["post-4778","post","type-post","status-publish","format-standard","hentry","category-investment-advisers","category-investor-fraud","category-senior-investors","tag-daryl-gene-bank"],"yoast_head":"\nEx-Virginia Investment Company Owner Arrested in Nearly $20M Fraud — Investor Lawyers Blog — September 4, 2017<\/title>\n<meta name=\"description\" content=\"Daryl Gene Bank, who is the owner of dozens of Virginia liability companies, and Raeann Gibson have been arrested in an alleged investment fraud that — September 4, 2017\" \/>\n<meta name=\"robots\" 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