Anonymous ID: be4db6 Dec. 3, 2020, 4:29 p.m. No.11894404   🗄️.is đź”—kun   >>4424 >>4507 >>4736 >>4933

Former CEO and Founder of Technology Company Pleads Guilty to Investment Fraud Scheme

 

https://twitter.com/TheJusticeDept/status/1334647362489376770

 

https://www.justice.gov/opa/pr/former-ceo-and-founder-technology-company-pleads-guilty-investment-fraud-scheme

 

Home » Office of Public Affairs » News

Share

Justice News

Department of Justice

Office of Public Affairs

FOR IMMEDIATE RELEASE

Thursday, December 3, 2020

Former CEO and Founder of Technology Company Pleads Guilty to Investment Fraud Scheme

 

The former chief executive officer (CEO) and co-founder of Trustify, Inc. (Trustify), a privately-held technology company founded in 2015 and based in Arlington, Virginia, pleaded guilty today to his involvement in a fraud scheme resulting in millions of dollars of losses to investors.

 

Acting Assistant Attorney General Brian C. Rabbitt of the Justice Department’s Criminal Division, U.S. Attorney G. Zachary Terwilliger for the Eastern District of Virginia, and Assistant Director in Charge Steven M. D’Antuono of the FBI’s Washington Field Office made the announcement.

 

Daniel Boice, 41, of Alexandria, Virginia, pleaded guilty to one count of securities fraud and one count of wire fraud before Senior United States District Judge T.S. Ellis III of the Eastern District of Virginia. Sentencing is scheduled for March 19, 2021.

 

According to admissions made in connection with the plea agreement, beginning in 2015, Boice fraudulently solicited investments in Trustify, a privately held technology start-up company that connected customers with private investigators. Boice raised approximately $18.5 million from over 90 investors by, among other things, falsely overstating Trustify’s financial performance. Despite representing to investors that their funds would go towards operating and growing Trustify’s business, Boice diverted at least $3.7 million for his own benefit and to fund his lifestyle. This included the purchase of a home in Alexandria, Virginia, travel by private jet, and furnishing a seaside vacation home.

 

The FBI’s Washington Field Office is investigating the case. Trial Attorney Blake Goebel of the Criminal Division’s Fraud Section and Assistant U.S. Attorney Russell Carlberg of the Eastern District of Virginia are prosecuting the case.