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.

  1. Gloria says:

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

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