In reality, records show Vick’s brokerage accounts suffered aggregate losses of more than $600,000 in 2018 and more than $520,000 in 2020. She would instead pose as an extremely successful stock options trader with “remarkable ability and extraordinary returns,” according to the affidavit. When soliciting the investments, police said, Vick failed to disclose that her trading strategy involved significant risks by relying on margin trading and uncovered options. She also had investors write checks to AMV Investments that she would deposit in other accounts. Instead, Vick had investors wire funds to her various personal and restaurant bank accounts, then she’d transferred the money to either her personal brokerage account or the AMV Investments brokerage account, according to the affidavit. When she finally did, less than 4% of all investment funds were initially transferred to the AMV Investments brokerage account, investigators found. In the three months following Vick registering AMV Investments as a limited liability company, she received more than $200,000 from four investors but never opened an AMV Investments brokerage account, police say. Vick registered AMV Investments as a Colorado limited liability company, but police say she didn’t initially open an AMV Investments bank account, instead pooling AMV investors’ funds with her personal brokerage accounts, personal funds and restaurant funds. The only documentation, police said, was a promissory note AMV Investments would send to investors to be signed and sent back, and a one-page Google document noting the start date of investments, principal amount, monthly interest and payments made. In 2018, Vick started soliciting investments in her personal stock options trading, promising monthly interest payments between 5% and 10%, according to the affidavit. Police say she solicited more than $250,000 of investments - mixing them with her personal funds - before forming AMV Investments in August 2019.ĪMV Investments had no documentation describing Vick’s trading returns, trading strategies or associated risks. She also used part of the investments she solicited to repay prior investors, as well as to cover restaurant expenses, credit card payments and for personal use.įrom August 2018 to 2022, Vick lived in Mead and owned several Pinocchios locations in northern Colorado, as well as a restaurant called Delvickios in Broomfield. Vick allegedly solicited the investments - though she was not licensed to sell securities - without disclosing the risks involved or the losses she incurred, according to the affidavit. Vick founded the Pinocchios chain in northern Colorado - including the Pinocchios Incredible Italian restaurant in Greeley at 905 16th St. 1 on suspicion of 10 counts of securities fraud, according to an affidavit for her arrest. ![]() Police arrested 61-year-old Annie Vick - also known as Annie Velazquez or Annie Margaret - on Feb. Redfin is redefining real estate and the home buying process in Erie County with industry-leading technology, full-service agents, and lower fees that provide a better value for Redfin buyers and sellers.A local businesswoman has been accused of embezzling more than $3 million from at least two dozen investors from 2018 to 2021. If you're looking to sell your home in the Erie County area, our listing agents can help you get the best price. Our top-rated real estate agents in Erie County are local experts and are ready to answer your questions about properties, neighborhoods, schools, and the newest listings for sale in Erie County. Use filters to narrow your search by price, square feet, beds, and baths to find homes that fit your criteria. Find your dream home in Erie County using the tools above. In addition to houses in Erie County, there were also 81 condos, 21 townhouses, and 281 multi-family units for sale in Erie County last month. In the past month, 441 homes have been sold in Erie County. This map is refreshed with the newest listings in Erie County every 15 minutes. Most homes for sale in Erie County stay on the market for 22 days and receive 11 offers. Some of these homes are "Hot Homes," meaning they're likely to sell quickly. ![]() There are currently 432 recently sold homes for sale in Erie County at a median listing price of $240K.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |