Man Accused Of Tricking People Into Investing In Business He Didn’t Own

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.

Richard Motarjeme (credit: Denver DA)

Richard Motarjeme (credit: Denver DA)

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.

Comments

One Comment

  1. Gloria says:

    I used to be one of those investors…….until I got divorced. SOOOO glad I was out before this happened.

Leave a Reply

Please log in using one of these methods to post your comment:

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

More From CBS Denver

Weather App
Send A News Tip
NEWS TEAM

Listen Live

AM/FM Stations

Featured Shows & Multimedia