Three Texans accused of multi-million-dollar diamond fraud
Three Texas men accused of a diamond investment fraud scheme are awaiting trial after they scammed 77 investors out of $6.5 million, according to the U.S. Justice Department.
Craig A. Otteson, 64, of McKinney; Jay Bruce Heimburger 58, of Dallas; and Christopher Arnold Jiongo, 55, of Houston have been charged with wire fraud and conspiracy to commit wire fraud. Otteson and Heimburger are also accused of mail fraud.
The men have been released on bond since they surrendered to authorities last week. They could face 20 years in federal prison. Trial dates have not been announced.
Otteson was CEO of Stonebridge Advisers, which served as the managing partner of Worldwide Diamond Ventures in Dallas, the government says. Heimburger was the director of JBH Securities Inc. and provided investment advice to Worldwide Diamond.
Read more: http://www.dallasnews.com/news/crime/headlines/20160913-three-texans-accused-of-multi-million-dollar-diamond-fraud.ece
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