Defrauding Cops

The SEC claims in a federal complaint that Victor Lee Farias, of Fair Oaks, Texas, and his company Integrity Aviation & Leasing “defrauded investors — many of whom were retired San Antonio Police Department officers or first responders — out of more than $14 millionthrough a fraudulent investment scheme,” featuring “Ponzi payments.”

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Irony in Court

In parallel civil and criminal complaints, the SEC and federal prosecutors accused Virginia-based Trustify fka FlimFlam and its CEO Daniel Boice of raising more than $18.5 million “by making materially false and misleading statements and omissions about, among other things, Trustify’s revenue growth, its corporate client base and size of its investigator network, and the use of investor funds.”

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