OC Businessman Charged with Ripping Off Two Clients

 In blog, Crime – MyNewsLA.com

OC Businessman Charged with Ripping Off Two Clients

by Contributing Editor

A 64-year-old Orange County businessman pleaded not guilty Wednesday to stealing $110,000 from two clients.

Robert Stoddard II of San Clemente was charged in December with two counts of grand theft and a dozen counts of money laundering, all felonies. He also faces a sentencing enhancement allegation of aggravated white-collar crime exceeding $100,000.

Orange County sheriff’s investigators began investigating Stoddard, who was arrested on the charges Tuesday, in March 2018. Two women who worked with the defendant’s San Juan Capistrano company, the Stoddard Group, said they gave him two checks, for $90,000 and $20,000, to be invested in annuities, according to court papers. Instead, Stoddard pocketed the money, investigators allege.

Stoddard, who entered his plea in the jail courtroom in Santa Ana, was ordered to return to court Jan. 22 in the Harbor Justice Center in Newport Beach for a pretrial hearing.

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All credit goes to Contributing Editor
Originally published on https://mynewsla.com

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