James Ashby Moncure Fraud
James Ashby Moncure, Jr. Pleaded Guilty to Charges of Wire Fraud and Unlawful Monetary Transactions
James Ashby Moncure, Jr., 42, of Fredericksburg, Virginia, pleaded guilty to charges of wire fraud and engaging in unlawful monetary transactions back in September of 2014, according to court reports from Virginia currently being reviewed by attorneys Joe Peiffer and Jason Kane.
Moncure was indicted by a federal grand jury on October 7, 2014, and is looking at a maximum penalty of 30 years in prison when he is sentenced on May 15, 2015. Moncure agreed that, as a partial owner of Moncure Brothers LLC, he had partnered with The Silver Companies to develop property known as the Quantico Corporate Center at Stafford (QCCS), a business park located in Stafford County, Va., along Interstate 95 and US 1, adjacent to Marine Corps Base Quantico, according to Virginia court records.
The Peiffer Wolf Carr & Kane investment recovery lawyers are currently investigating James Ashby Moncure, Jr. and his alleged acts of wire fraud.
James Ashby Moncure, Jr. Solicited Individuals for Investment Opportunities in Exchange for Promissory Notes
Beginning prior to January 2010 and running through March 2014, Moncure solicited individuals for investment opportunities in exchange for short term promissory notes offering returns in a spectrum from 10 percent up to 25 percent. Moncure claimed that the investment funds would be used for acquiring and developing land for the QCCS or another specified property.
Instead, Moncure misappropriated a significant amount of investor funds for payment of returns to earlier investors and transfers to investment trading accounts from which he day-traded stocks and options. For the Wire Fraud transaction in Count Four, Moncure admitted receiving $200,000 from an investor known only as T.S. on January 28, 2014.
The defendant had promised T.S. that the money would be used to expand and enhance the QCCS and to purchase land. In reality, however, on January 29, 2014, Moncure wire transferred $190,000 of T.S.’s funds to his own Options Express, Inc. trading account, which he used for stock trading activities.
Investment Recovery Lawyers Investigating
The Peiffer Wolf Carr & Kane investment recovery attorneys often represent investors who lose money as a result of investment misconduct, and are currently investigating James Ashby Moncure and his alleged wire fraud. They take most cases of this type on a contingency fee basis and advance the case costs, and only get paid for their fees and costs out of money they recover for their clients.
Any investors who believe they lost money as a result of alleged fraud committed by James Ashby Moncure may contact the investment rights attorneys at Peiffer Wolf Carr & Kane, Jason Kane or Joe Peiffer, for a free, no-obligation evaluation of their recovery options, at (585) 310-5140.