• News Ticker alerts

Robert L. Holloway, a San Diego investment manager, has been arrested in Salt Lake City for his alleged role in a $25 million investment fraud, according to the U.S. Justice Department. According to the indictment, Holloway ran US Ventures LLC and gave false information investors when taking their money.

Among the allegedly false claims: his trading software was consistently profitable and the firm generated 0.8% returns per day (think how that would add up). Holloway allegedly sent false statements to investors, indicating they were making money. Actually, they were losing it; over two years, Holloway lost $10 million, charges the government.

Holloway allegedly made distributions to some investors, but the money came from new investors. If true, that would be a Ponzi scheme. Holloway allegedly used the money he collected to support his lifestyle. Any of this sound familiar, San Diegans?

  • News Ticker alerts


Don Bauder Dec. 9, 2011 @ 1:53 p.m.

The victims are certainly exhausted. Best, Don Bauder


Visduh Dec. 9, 2011 @ 9:59 a.m.

Does he have a blonde live-in girlfriend who makes charitable grants and help aspiring politicians? If he did, well . . . you know the rest.


Don Bauder Dec. 9, 2011 @ 1:57 p.m.

According to the Justice Department, he spent some of the money on his then-wife's business, diverted some to his own business account, and spent some himself. No mention of giving to local charities. Best, Don Bauder


nicolae May 15, 2012 @ 11:53 a.m.

This a big problem.Fraud is a severe delict but someone could skip prison if they find a good investment fraud attorney firm.


Sign in to comment

Win a $25 Gift Card to
The Broken Yolk Cafe

Join our newsletter list

Each newsletter subscription means another chance to win!