In connection with a $7 million advance fee Ponzi scam, a Nevada lady has been charged with wire fraud, money laundering, and obstruction of justice.
Anna Kline, 33, of Sparks, was charged with two charges of wire fraud, 11 counts of money laundering, four counts of trading in illegal profits, and two counts of obstructing justice.
According to court records, from April 2017 through July 2019, Kline owned and ran many shell firms professing to offer lending services to consumers, who were mainly small businesses seeking high-volume loans in excess of $100 million.
Prior to making the loan, Kline requested that the clients pay a charge of up to 5% of the loan amount.
The court claims that after receiving her fee, Kline would fabricate excuses for why their loan was delayed.
The court also claims that clients would be handed fabricated or fraudulent documentation, such as bank records claiming to prove that her firms had enough money to make the promised loans.
Her and her partner used the money provided for living and other costs. These payments were also utilized to compensate previous victims.
Jason Torres, her companion, is charged by complaint, and those accusations are still pending.
Kline was first detained in July 2019 on allegations of obstruction of justice relating to the advance scam, as previously reported.
Her wire fraud charge carries a statutory maximum sentence of 20 years in prison and a fine of up to $200,000. Her money laundering charge involves a possible penalty of 20 years in jail, while her obstruction of justice charge brings a maximum sentence of 20 years in prison.
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