Convict Indicted in Securities Fraud Case
An Oxnard man already serving a seven-year prison sentence for swindling investors was indicted by the Ventura County Grand Jury on unrelated financial scam charges, officials announced Thursday.
Wayne Neal Fleischer, 50, was indicted along with four Los Angeles County residents and an Arizona man on charges of grand theft, securities fraud, selling unregistered securities, money laundering and tax evasion.
The indictment caps a two-year investigation by the Ventura County district attorney’s office. Fleischer and his co-defendants are accused of selling stock in a company purported to be in the business of selling surety bonds to minority building contractors involved with the 1996 Olympics in Atlanta.
The company, First American Contractors Bonding Assn., is owned by Frank Boyd Cockrell II and his wife, Grace Whest Cockrell, who live in Los Angeles. The Cockrells, Fleischer and Clayton Alan Bromberg, Richard Ira Shear and Stephen Phillip Ross all sold stock in the company by making false representations, according to the indictment.
All have entered not-guilty pleas to the charges except Fleischer, whose arraignment is not until March 1.
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