US District Court for Middle District of Florida issues criminal complaint against James D. Risher for committing mail fraud, wire fraud and money laundering in connection with Jade Asset Group, Managed Capital and Safe Harbor Investments Law Office of Dickenson, Murphy, Rex & Sloan Attorneys Boca Raton Florida

US District Court for Middle District of Florida issues criminal complaint against James D. Risher for committing mail fraud, wire fraud and money laundering in connection with Jade Asset Group, Managed Capital and Safe Harbor Investments

Posted by: Robert Rex
June 06, 2011
Topic: James Risher

A criminal complaint has been filed in US District Court charging James Davis Risher with mail fraud, wire fraud, and money laundering. The complaint is the result of an investigation carried out by the US Postal Inspection Service, the FBI, the Florida Dept. of Law Enforcement, the IRS, and Florida's Office of Financial Regulation.

In an affidavit supporting the complaint, USPIS Inspector Linda Walker asserts that between 2007-2010, James Risher raised approximately $20 million in investor funds to be invested in one of his “Private Equity Funds”. The investigation has revealed that although millions of dollars were deposited to a Penson Financial Services account controlled by Risher, millions more were diverted for his personal benefit and used to purchase real estate, vehicles, artwork, and other effects. Risher operated through as many as 24 bank accounts across several major US banks. James Risher is a twice convicted felon with a history of money laundering and securities violations, and was placed on an Immigration and Customs Enforcement (ICE) watchlist to notify agents if he was scheduled to travel outside the US. Agents were notified by ICE that Risher was scheduled to fly from North Carolina to Bermuda on the morning of May 31, 2011, where he is known to have a bank account. James Risher is now under arrest and scheduled to appear before a judge on June 17^th.

Dickenson, Murphy, Rex and Sloan PA represents over 120 victims of James D. Risher and his various fraudulent schemes. The information revealed in this complaint is largely consistent with what has been gathered in our investigation of this case. We continue to investigate in anticipation of initiating action against the vaious firms which made it possible for Risher to operate his frauds.

If you would like to contact our office with information please do so at 561-391-1900 or through nlt@dmrslaw.com.

Attachments:
RisherComplaintAffidavit.pdf