The defendants are being held in lieu of millions of dollars in bail. Before they can be released, Pacheco said, the defendants must prove their bail money was obtained legally.
In jail jumpsuits and shackles, the seven people accused of operating a $142 million mortgage and securities fraud centered in Southwest Riverside County appeared in court this afternoon.
Five of them, including three Murrieta businessmen who allegedly spearheaded the scheme -- James Benjamin Duncan, Hendrix Moreno Montecastro and Maurice McLeod -- were arraigned and pleaded not guilty to a voluminous criminal complaint filed last week by the Riverside County district attorney's office that included 249 felony counts...By PE Business
on November 23, 2009 4:42 PM
We struggle not against flesh and blood but against the rulers, against the authorities, against the powers of this dark world, and against the the spiritual forces of evil in the heavenly realms. Ephesians 6:12
Therefore put on the armor of God, so that when the day of evil comes, you may be able to stand your ground, and after you have done everything, to stand. Ephesians 6:13.
Pacific Wealth Management, LLC (a California limited liability company) is a legitimate company based in San Diego, CA. PWM has only one office located in San Diego/Del Mar, CA. They have been doing business under Pacific Wealth Management since 2000. PWM provides investment management and financial planning services to clients located throughout California, the United States, and abroad. They are not related or connected to the company named in the law suit. Any references to Pacific Wealth Management, LLC (PMW) on this website is a Nevada registered company. People portrayed on this website are alleged to be involved in a lawsuit which has been filed in the Riverside county court house..
In jail jumpsuits and shackles, the seven people accused of operating a $142 million mortgage and securities fraud centered in Southwest Riverside County appeared in Riverside County Superior Court on Monday.
Five of them, including three Murrieta businessmen who allegedly spearheaded the scheme -- James Benjamin Duncan, Hendrix Moreno Montecastro and Maurice McLeod -- were arraigned and pleaded not guilty to a voluminous criminal complaint that included 249 felony counts.
The complaint, filed last week by the Riverside County district attorney's office, described a series of complex investment scams that enabled the alleged ringleaders to live lavishly but caused hundreds of investors in California and Arizona to lose about $17 million in cash and pushed 201 Riverside County homes into foreclosure. The damage spread to mortgage lenders and entire neighborhoods, the complaint said.
James Duncan Among 7 Accused In Suspected Ponzi Scheme
SAN DIEGO -- A group of San Diegans accused of using religion to scam at least 100 people are in custody Monday, 10News reported. On Monday, seven people were formally charged in a Riverside County courtroom, including the leader of the group who called himself the "Cash King." Calling himself "James the Cash King," James Duncan advertised a quick return on investments through a suspected Ponzi scheme under the group Stonewood Consulting.
Authorities said Duncan, described as a very charismatic person, would hold meetings at Pechanga Casino to recruit investors. Victims said Duncan used his father's reputation as a pastor to get into churches and gain credibility
In jail jumpsuits and shackles, the seven people accused of operating a $142 million mortgage and securities fraud centered in Southwest Riverside County appeared in court this afternoon.
Five of them, including three Murrieta businessmen who allegedly spearheaded the scheme -- James Benjamin Duncan, Hendrix Moreno Montecastro and Maurice McLeod -- were arraigned and pleaded not guilty to a voluminous criminal complaint filed last week by the Riverside County district attorney's office that included 249 felony counts
The complaint described a series of investment scams that enabled the perpetrators to live lavishly but caused hundreds of investors in California and Arizona to lose about $17 million and pushed 201 Riverside County homes into foreclosure.
HERE! 
