Arizona guy indicted on charges of defrauding investors in cash advance scam via Scottsdale organizations

Arizona guy indicted on charges of defrauding investors in cash advance scam via Scottsdale organizations

David Allen Harbour happens to be indicted on charges of defrauding investors of $2.9 million through an alleged scam involving pay day loans to businesses that are small. (Picture: Getty Images)

A Paradise Valley man running through a few Scottsdale-based organizations is accused of earning false statements to investors in a purported payday-loan company scheme and diverting most of the amount of money raised from investors to aid his or her own “lavish life style.”

A grand jury in U.S. District Count in Phoenix indicted David Allen Harbour of 22 felony counts of cable fraudulence and cash laundering, alleging which he defrauded investors in Arizona along with other states of $2.9 million from 2010 to 2015 by way of a scheme to increase pay day loans to small enterprises.

The indictment had been filed July 30 and released into the media Thursday.

Harbour, 46, ended up being arrested in Paradise Valley monday. Their lawyer don’t react to needs for remark. Harbour has pleaded not liable to all or any costs. He could face numerous years in jail. An effort is planned to start out Oct. 1. Continue reading “Arizona guy indicted on charges of defrauding investors in cash advance scam via Scottsdale organizations”