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Defendant pleads guilty in fraud scheme

Tuesday, Dec. 17, 2002 | 11:07 a.m.

The third of three defendants charged in a multimillion dollar investment and securities fraud scheme plead guilty in U.S. District Court Monday.

Trudy Anson, 54, of Lytle Creek, Calif., pleaded guilty to conspiracy and wire fraud in connection with the scheme that ran from 1998 to 2000 from bases of operation in Incline Village, Las Vegas and Nassau, Bahamas.

The scheme involved dummy companies called Trans-World International and later Listro Holdings, that offered investors access to a non-existent high-yield investment program which promised profits of 30 percent per month.

About 60 people around the world fell victim to the scam, and lost more than $20 million.

Anson, is facing up to five years in prison and a $250,000 fine for each count. Anson will be sentenced on March 14 before U.S. District Judge Lloyd George.

James Williams, 54, a co-defendant from Sacramento, previously plead guilty to money laundering charges could face 20 years in prison and a $500,000 fine when he is sentenced on Feb. 3 before U.S. District Judge James Mahan.

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