Orange County Man Arrested After Defrauding Elderly Couple

John Arther Walthall, of Laguna Beach, was arrested last week for defrauding a Laguna Niguel elderly couple out of $4.7 million dollars.Walthall told this couple that he had invested his own money in a gold mining business and it had been very profitable for him. The couple gave millions of dollars to him to invest and instead, Walthall used it for his own personal expenses. He paid for his child’s tuition, alimony, and child support and bought gold coins and cars. After getting caught, he has been charged with nine counts of wire fraud, money laundering, and other charges. If convicted of all of these crimes, he faces 150 years in federal prison.

Fraud is an intentional deception made for personal gain or damage to another and comes in many different forms. Money laundering is the act of making huge amounts of money through illegal means and then claiming the money came from a legitimate source. Conning people out of money to invest in a fictitious business is a serious crime. If convicted, Walthall will have to spend his life in prison and will be ordered to pay back as much of the money as possible. Since these are serious crimes that Walthall has been charged with, he will need an experienced fraud defense attorney to assist him. Whether you live in Tustin, Brea or Villa Park, if you have been charged with fraud, call an experienced criminal defense attorney to assist you.

If you want to know more about fraud, or your own charges, call Orange County criminal defense attorney William Weinberg @ 949.474.8008 in his Irvine office.

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