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Former Marin lawyer sentenced for $4.5M fraud series

Published Sunday February 19

A disbarred Marin lawyer who conned investors of more than $4.5 mill. was sentenced to 6 years in prison for securities fraud, federal authorities said.

James Seltzer, 69, also accumulated more than $20 mill. in debts to other people, the prosecution said.

“Seltzer perpetrated a brazen scheme of securities fraud against victims who knew that person trusted the person and in some cases, loved the person” Assistant America Attorney Timothy Lucey wrote in a sentencing memorandum. “Rather than returning that trust and affection, Seltzer betrayed it, wielding it like a weapon to steal millions of dollars from investors in order to finance an extravagant lifestyle of decadence, debauchery, and deceit.”

Article length: About 380 words.
Tags: Belvedere
Read more at Marinij

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