Jon Patrick Kubler, a 52-year-old man from Redondo Beach, has been indicted in North Carolina for allegedly defrauding investors out of more than $4 million over several years. Posing as an unlicensed investment adviser, he targeted inexperienced investors and used deceptive practices to convince them to invest in commercial real estate. Kubler reportedly employed Ponzi-like tactics, making payments to existing investors from new investors’ funds and misappropriating funds for personal use. His situation escalated when investors alerted the SEC, leading to a temporary asset freeze against him and his companies.
Jon Patrick Kubler, 52, was charged with fraud in North Carolina for allegedly deceiving investors of over $4 million while posing as a licensed adviser.
Between December 2017 and April 2023, Kubler is accused of defrauding around 30 investors using Ponzi-like schemes while lacking the necessary investment advisement license.
Kubler allegedly misled investors about the legitimacy of his companies and used their money for personal expenses while assuring them of returns.
If convicted of securities fraud and money laundering, Kubler could face up to 30 years in prison, according to the U.S. Attorney's Office.
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