Tag: Valley Investments

BULLETIN: Philip Lochmiller Sr., 64-Year-Old Recidivist Huckster And Ponzi Schemer, Effectively Sentenced To Life In Prison

BULLETIN: Philip Lochmiller Sr., the Colorado recidivist securities huckster and Ponzi schemer whose case drew comparisons to the AdSurfDaily Ponzi case for a lack of key disclosures to investors, has been sentenced to 405 months in federal prison and ordered to pay restitution of $18.6 million. The term amounts to nearly 34 years. Lochmiller is…

Mar 10, 2012
Recidivist Huckster, 63, Found Guilty In $30 Million Ponzi Scheme Based In Colorado; Philip R. Lochmiller Sr. Wiped Out Investors After Earlier Serving 3 Years In California Prison For Securities Fraud

UPDATED 8:57 P.M. EDT (U.S.A.) Philip R. Lochmiller Sr., 63, has been found guilty of money-laundering, mail fraud and conspiracy in federal court in Colorado. The jury returned the verdict in three hours, after a 10-day trial, the office of U.S. Attorney John Walsh of the District of Colorado said. Lochmiller spent three years in…

Jul 22, 2011

BULLETIN: Philip Lochmiller Sr., 64-Year-Old Recidivist Huckster And Ponzi Schemer, Effectively Sentenced To Life In Prison