DENVER (CBS4) – A former Denver attorney accused of stealing more than $2 million from clients has been charged with theft and racketeering.
A Denver Grand Jury has returned a 24-count indictment against James W. Faber, 51. He’s charged with violating the Colorado Organized Crime Control Act, six counts of securities fraud and seventeen counts of theft.
Lynn Kimbrough with the district attorney’s office said “between 2006 and 2010, Faber solicited investment money from people that he claimed would be invested in the exploration of mining and natural resources.”
“The charges allege that instead Faber used the money to pay himself, run his law firm, pay for business expenses, pay former investors, and invest in martial arts studios,” Kimbrough said in a statement.
An arrest warrant has been issued for Faber.