Kari Sonovich of B&B Consulting Group LLC Arrested for Fraud

Kari Sonovich, a 42 year-old resident of Meadow Vista, California was arrested on charges of mail fraud in relation to the loss of more than $3 million of investor money. A federal grand jury returned a 3-count indictment on mail fraud charges prior to her arrest.

Sonovich allegedly recruited investors to her company B&B Consulting Group LLC between 2008 and 2009. She allegedly claimed that she would invest their funds with an international trader who operated at an extremely high level. The trader, Sonovich claimed, offered returns of up to 500 percent every 90 days, according to court documents.

Whenever she was able to convince investors to part with their money, Sonovich kept most or all of the funds for her own use, according to court documents. No investor has received the promised returns and in most cases, no investor has received any part of the initial investment back according to court documents.

The case was the result of an investigation conducted by the Internal Revenue Service-Criminal Investigation unit. Assistant U.S. Attorney Jean Hobler is the lead prosecutor in this case

The Peiffer Rosca securities attorneys often represent investors who lose money as a result of Ponzi schemes, investment fraud, or stockbroker misconduct. They are currently investigating the possibility of assisting victims with the recovery of their losses. 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.

Investors who believe they lost money as a result of investment fraud or misconduct may contact the securities lawyers at Peiffer Rosca, Jason Kane or Joe Peiffer, for a free, no-obligation evaluation of their recovery options, at (585) 310-5140.

Peiffer Wolf (1249 Posts)

In our legal system, every person is innocent until and unless found guilty by a court of law or a tribunal. Whenever we reference “allegations” or charges that are “alleged,” such allegations or charges have not been proven, and are merely accusations, not findings of fault, as of the date of the blog. We do not have, nor do we undertake, a duty to continue to monitor or follow cases about which we report, and/or to publish subsequent blogs regarding various developments that may occur in such cases. Readers are encouraged to conduct their own research regarding any such cases and any developments that may or may not have occurred in such cases.