DENVER (CBS4)– A man has been arrested, accused of tricking people into investing in a business he didn’t own.
Richard Motarjeme has been charged with fraud, forgery and theft.
Investigators said Motarjeme sold equity interest in a restaurant and wine shop in Stapleton and used the the investment funds for his personal expenses.
An investigation revealed investors lost a total of $480,000.
The district attorney’s office said the restaurant and wine shop owners are also victims in the case.