Steven Allen Schwartz Prison Records: Former Consultant Pleads Guilty to Securities Fraud Scheme

A significant development in a long-running securities fraud case has taken place with Steven Allen Schwartz, a former consultant and Chief Operating Officer of 1 Global Capital, LLC, pleading guilty to his role in a massive $287 million scheme. The scheme involved a commercial payday loan business that operated between early 2014 and July 2018, affecting over 3,400 investors across 42 states.

According to the charges filed by the United States of America, Schwartz was accused of conspiracy to commit wire fraud and securities fraud, violating Title 18, United States Code, Section 371. He is scheduled to be sentenced on March 3rd at 3:00 p.m.

Schwartz's guilty plea marks a significant milestone in the investigation and prosecution of this complex case. The scheme, which targeted individual investors, was designed to defraud them of their hard-earned money through fraudulent practices.

The FBI Miami Field Office, along with the Internal Revenue Service (IRS-CI), led the investigation into Schwartz's activities. Michael J. Lauderdale, Special Agent in Charge of the FBI Miami Field Office, and George L. Miller, Special Agent in Charge of IRS-CI, played key roles in uncovering the scheme.

The United States Attorney for the Southern District of Florida, Īriana Fajardo Orshan, praised the efforts of her team and law enforcement agencies in bringing the case to a successful conclusion.

Those affected by this scheme can seek free legal assistance from organizations such as MoreLaw, which provides access to experienced criminal defense lawyers like Jerrob Duffy and Lisa H. Miller.

The case will be heard at the United States District Court for the Southern District of Florida (Broward County). Anyone seeking information or updates on the case should contact the court directly.

In conclusion, Steven Allen Schwartz's guilty plea serves as a reminder of the importance of vigilance in detecting and prosecuting financial fraud schemes. It also underscores the commitment of law enforcement agencies to protect investors and uphold justice.

Steven allen schwartz prison records