ALBUQUERQUE, N.M. — La Jolla, Calif., man was charged with soliciting $500,000 from N.M. investor under false pretenses.
A 63-year-old La Jolla, Calif.,
attorney has pleaded guilty in federal court in New Mexico to a count
of wire fraud.
Paul Conrad Ward Jr. entered into a plea agreement last week with the U.S. Attorney’s Office in Albuquerque.
The agreement calls for him to be sentenced to 21 months in prison to be followed by three years of supervised release.
indictment alleges he induced an investor in New Mexico to give
$500,000 to a business entity he controlled between December 2006 and
The indictment says the money purportedly was to be
invested in an overseas trading program but Ward took it for his own
use and that of others.
Ward admitted soliciting money from the victim under false pretenses and not investing it as promised.