Wednesday, April 23, 2014
PLACERVILLE, CALIFORNIA
99 CENTS

Chartraw pleads guilty to wire fraud

By
From page A3 | January 28, 2013 | 4 Comments

A former El Dorado County man pleaded guilty to a multimillion-dollar wire fraud involving the supposed sale of precious metal-laden bars on Jan. 24.

According to court documents, between Jan. 1, 2007 and Nov. 31, 2011, Daniel Chartraw, 39, defrauded numerous investors, a press release from United States Attorney Benjamin B. Wagner stated. He falsely reported on investments in mines, mining and refinery equipment, oil commodities, precious metals concentrate and deposit certificates worth millions of dollars.

The plea agreement stated Chartraw stole $1 million by posing as the owner and manager of a company selling “dore” bars, which contain gold and silver. Chartraw would give a tour to investors, limiting their exposure to the true owners of the company in order to avoid detection.

Investors would put $1 million into an escrow account in order to buy the bars. Using a forged letter, Chartraw would get the escrow companies to send the money to accounts he and others controlled.

Investors are estimated to have lost between $2,606,448 to $3,639,448. A companion civil case saw Chartraw’s 2011 Cadillac Escalade seized and sold for $50,500. The proceeds will be given to investors, as their money had bought the car.

Chartraw will be sentenced on May 2 by U.S. District Judge Morrison C. England. He faces a maximum of 20 years in prison with three years of supervised release once completed and $250,000 in fines. As part of the plea agreement, he will also pay restitution to the victims.

The case was investigated by the FBI and prosecuted by Assistant United States Attorneys Michael D. Anderson and Kevin Khasigian.

The case against Chartraw was a focal point of Judge Warren “Curt” Stracener’s campaign against opponent Joseph Hoffman, as Hoffman had formerly represented Chartraw. No charges were filed against Hoffman.

LEAVE A COMMENT

Discussion | 4 comments

  • 1036-FrankJanuary 27, 2013 - 10:50 am

    This is a saga which should be an episode of some investigation t.v. show, titled something like "The Con and the Candidate." One will be singing the blues in a federal prison for 20 years, when will the other be facing the music?

    Reply | Report abusive comment
  • Walking TallJanuary 29, 2013 - 1:38 pm

    Can you say "Let's Make a Deal" it looks as if Dan will tell all to lessen his time in jail and give up those who have claimed to not be involved. The truth will come out and the house that was built will come tumbling down brick by brick, we can only hope that all are exposed and held to answer. The whole scam involves too many people for them not to give up all they know when faced with jail as a choice and maybe those who were ripped off will finally have a voice.

    Reply | Report abusive comment
  • Edh MomsMay 07, 2013 - 2:57 pm

    Several Investors have filed cases against Joseph Hoffman of Hoffman & Hoffman Law in Folsom, CA. Cover-ups never stay hidden for long!

    Reply | Report abusive comment
  • EvelynAugust 30, 2013 - 7:27 am

    "Investment Fraudster that derailed Hoffman Campaign Sentenced" - HERE

    Reply | Report abusive comment
.

News

Herard over the back fence: Try fishing at Wakamatsu

By Bob Billingsley | From Page: B1

 
Downtown group coordinates painting, awnings

By Wendy Schultz | From Page: A1

 
More mountain lion sightings reported

By Dawn Hodson | From Page: A1, 8 Comments

Supervisor Nutting trial begins

By Cole Mayer | From Page: A1, 73 Comments | Gallery

 
Sanford murder case to jury

By Cole Mayer | From Page: A1 | Gallery

 
Gearing tax questions to correct office saves time

By Treasurer-Tax Collector | From Page: A3

.

Opinion

My turn: More than a buzzword

By Special to the Democrat | From Page: A4, 24 Comments

 
Building restored

By Mountain Democrat | From Page: A4

 
Outstanding dog

By Mountain Democrat | From Page: A4

.

Letters

National Day of Prayer

By Letters to the Editor | From Page: A5, 2 Comments

 
‘Parents, be afraid’ letter

By Letters to the Editor | From Page: A5, 23 Comments

Ukranian situation

By Letters to the Editor | From Page: A5, 4 Comments

 
Misquote

By Letters to the Editor | From Page: A5, 9 Comments

Altshuler framing

By Letters to the Editor | From Page: A5, 9 Comments

 
.

Sports

Pitching the ‘Root’ cause of Trojans’ victory

By Mike Bush | From Page: A6 | Gallery

 
Pedal power at the forefront next month

By Jerry Heinzer | From Page: A6 | Gallery

Outside with Charlie: Transitioning

By Charlie Ferris | From Page: A6

 
Sports Scene: April 22, 2014

By Democrat Staff | From Page: A7

Roundup: April 22, 2014

By Democrat Staff | From Page: A7

 
.

Prospecting

4-H’ers star at showcase

By Dawn Hodson | From Page: B1 | Gallery

 
At a glance: Look for fireballs

By Mimi Escabar | From Page: B2, 1 Comment

Authors to share their stories

By Pat Lakey | From Page: B2, 2 Comments

 
Church to host human trafficking conference

By Pollock Pines | From Page: B3

Grow For It! Flower of Easter

By Barbara Schuchart | From Page: B5

 
.

Essentials

Crime Log: April 1-3

By Cole Mayer | From Page: A2

 
Weather stats 4-22-14

By Michael Raffety | From Page: A2

Building permits 4/7-11/2014

By Michael Raffety | From Page: A2

 
.

Obituaries

Bobby Lloyd Bridges

By Contributor | From Page: A2

 
Harry Frank Harper

By Contributor | From Page: A2, 6 Comments

Marion “Wayne” Griswold

By Contributor | From Page: A2

 
.

Real Estate

.

Comics

Rubes

By Contributor | From Page: A8

 
New York Times Crossword

By Contributor | From Page: A8

Flying McCoys

By Contributor | From Page: A8

 
Speed Bump

By Contributor | From Page: A8

Tundra

By Contributor | From Page: A8

 
Horoscope, Thursday, April 24, 2014

By Contributor | From Page: A8

Horoscope, Wednesday, April 23, 2014

By Contributor | From Page: A8

 
Working It Out

By Contributor | From Page: A8

TV Listings

By Contributor | From Page: A8

 
Shoe

By Contributor | From Page: A8

Sudoku

By Contributor | From Page: A8