A Paradise Valley guy running through a few Scottsdale-based organizations happens to be accused of earning false statements to investors in a purported payday-loan company scheme and diverting most of the amount of money raised from investors to aid their own "lavish life style."
A jury that is grand U.S. District Count in Phoenix indicted David Allen Harbour of 22 felony counts of cable fraudulence and cash laundering, alleging he defrauded investors in Arizona as well as other states of $2.9 million from 2010 to 2015 by way of a scheme to give pay day loans to small enterprises.
The indictment had been filed 30 and released to the media Thursday july.
Harbour, 46, ended up being arrested Monday in Paradise Valley. Their lawyer did not react to demands for remark. (more…)...