2 men indicted in fraud, money-laundering case
A lawyer and an alleged accomplice from San Diego County were indicted Wednesday on federal fraud and money-laundering charges in connection with a scheme in which investors were allegedly bilked out of more than $1 million.
Attorney Gerald M. Shaw, 59, and Gregory De Lavalette, 51, of Rancho Santa Fe are accused of telling people they were investing in European financial markets when the money was actually used to cover the pair’s business and personal expenses, prosecutors say.
If convicted, Shaw faces up to 230 years in federal prison and De Lavalette up to 70 years.
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