DENVER (CBS4) – A man accused of scamming individuals and businesses out of hundreds of thousands of dollars was sentenced on Monday.
Lynn Kimbrough with the Denver District Attorney’s Office said Douglas Alan Glaser, 41, was indicted in 2005 and was found guilty of violating the Colorado Organized Crime Control Act, conspiracy, securities fraud, forgery, criminal impersonation, credit card fraud, and possession of a weapon by a previous offender in three separate trials.
Glaser was sentenced to 25 years in prison.
The case spanned seven-years and eight scheduled trials, two mistrials, seven different attorneys at different times for the defendant and numerous appeals.
“The criminal enterprise came to light in 2005 after Glaser was the victim of a hit-and-run accident. A Denver police officer became suspicious of Glaser’s identification, prompting further investigation,” Kimbrough said in a statement. “A Denver Grand jury later indicted Glaser and a co-defendant alleging that they worked together on a securities fraud scheme that misrepresented stock investments and failed to disclose Glaser’s criminal history.”
The Colorado Division of Securities, the Office of the Inspector General, Social Security Administration and the United States Secret Service assisted the Denver Police Department in the investigations.