Anthony “A.J.” Klatch II, the possibly bi-polar 27-year-old with a “genius IQ” accused of defrauding investors out of $2.3 million and then buying himself a fleet of fancy cars and a condo, could find himself facing more serious charges, AL.com reported.Klatch is already facing conspiracy, securities fraud and money laundering charges for allegedly persuading 8 people to to invest $2.3 million in his hedge fund, the report said.
According to assistant U.S. Attorney Christopher Bodnar, if Klatch is convicted he could face a prison sentence of 7 years and 3 months under advisory sentencing guidelines.
But he could find himself facing significantly more because now he’s the subject of an FBI probe.
FBI Special Agent Ryan Kennedy testified that authorities are pursuing an investigation under the Racketeer Influenced and Corrupt organisations Act involving 30 victims and some $16 million in fraudulent losses.
This means he could face up to 20 years in prison –the statutory maximum, the report said.
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