Iowans to Join in Wymer Probe
IRVINE —
A criminal investigation of Newport Beach investment adviser Steven D. Wymer appeared to be developing Monday as prosecutors from the U.S. attorney’s office in Iowa headed to Los Angeles to share information on an alleged multimillion-dollar fraud.
In a civil suit filed last week, the Securities and Exchange Commission has charged Wymer with fraud in the alleged disappearance of $75.4 million in investors’ money from Wymer’s Irvine-based companies, Institutional Treasury Management and Denman & Co.
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