Harley Barnes III, former chief financial officer of Dallas-based EarthWater Limited, pleaded guilty to a total of 22 conspiracy, fraud, and money laundering charges for a multimillion-dollar, high-yield investment fraud scheme targeting elderly victims, according to the Department of Justice Tuesday.
Barnes conspired to and obtained investor funds through a scheme to defraud with Joe Edward Duchinsky, an EarthWater stock salesperson who pleaded guilty to conspiracy to commit mail and wire fraud, according to the Justice Department.
The department also said Beth Ellen DeGroot, EarthWater’s former president, also pleaded guilty in a separate action on May 17 to conspiring with ...
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