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SoCal Swindler Stole $1.5 Million From Duped Investors

The owner of two Orange County companies tricked at least 11 victims into giving him $1.5 million for short-term loan investments but converted the funds mostly into personal use, according to the Santa Ana branch of the U.S. Attorney’s office. J. Michael Clancy ran two unlawful Lake Forest operations—Multiplied Equities LP and Quantum Capital California …

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Source: OC Weekly

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