James W. Faber, alleged fraud fighter, indicted for $2 million worth of fraud
Which is interesting, not to mention ironic, given that he's just been indicted in absentia on charges that include multiple counts of (you guessed it) fraud. Get details and see the full indictment, on view below.
The aforementioned press release, accessible here, touts the founding of Oster Martin & Faber, LLC, a law firm mentioned frequently in the indictment. The release reads in part:
James Faber, most recently known as counsel for some 65 investors seeking millions in damages from Denver-based Mile High Capital, is joining partners Jonathan Oster and John Martin to launch a new Denver-based law firm, Oster Martin & Faber, LLC. Faber hails from longstanding Denver law firm, Dufford & Brown. While the growing caseload of defrauded Mile High Capital investors was one reason for the move -- he fields calls daily from individuals who say they have claims against Mile High -- the real reason was the opportunity to best serve his existing clients. "John Martin and Jon Oster have developed a powerful list of clients and built a sound reputation in the area of commercial litigation," notes Faber. "The combination of their litigation expertise and my transactional background will allow us to achieve pragmatic solutions in both corporate and litigation matters."
|Fredric "Rick" Dryer.|
Remember those counts, because you'll be hearing more like them soon.
The indictment maintains that in 2006, around the time of a DBJ report about a suit Faber filed on behalf of defrauded Mile High Capital investors, the attorney met with a client who wanted to transfer $1 million from a European account to one in the United States. He's said to have told her he had an investment in a coal mining concern in Canada; he could put the cash into that company and then pay her interest on the dough for three years, after which he'd return the original investment.
The money was soon transferred, but the indictment states that it was never plowed into the mining firm.
Continue to read more about the indictment of James W. Faber and see the indictment against him.