Montecito man pleads guilty to defrauding investors

You are here: Home > Latest news > Current Article

Montecito man pleads guilty to defrauding investors

By Staff Report / Wednesday, June 5th, 2019 / Comments Off on Montecito man pleads guilty to defrauding investors

A Montecito man pleaded guilty June 3 to a felony count of wire fraud for defrauding investors by making false promises to use their money to purchase shares of Facebook and Twitter prior to the companies’ initial public offerings. Efstratios “Elias” Argyropoulos, 72, entered his plea before United States District Judge George Wu, who scheduled…

This article is only available to Business Times subscribers

Subscribers: LOG IN or REGISTER for complete digital access.
Not a Subscriber? SUBSCRIBE for full access to our weekly newspaper, online edition and Book of Lists.
Check the STATUS of your Subscription Account.