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A Morgan Hill man was charged with defrauding people with promises of lucrative investments in businesses and real estate, which turned out to be false, prosecutors announced Wednesday.
The Santa Clara County District Attorney’s Office said Saeed Tamim Fakirian, 45, befriended the victims in the Middle East and then offered them opportunities to invest in gas stations, car washes and other real estate investments. . However, no such investment existed, the prosecutor’s office said.
According to a press statement released by the prosecutor’s office, Fakirian persuaded the four people to transfer hundreds of thousands of dollars to his personal accounts, but he never used the money for investments or refunded the money under investigation. There was nothing to do.
The alleged thefts occurred between January 2016 and December 2022. Mr. Farkilian was indicted on January 31 and faces charges including grand theft, securities fraud, identity theft, passing fraudulent checks, filing false documents and white-collar extortion.
The prosecutor’s office announced that Farkilian is believed to have embezzled more than $2.3 million from four victims.
The alleged co-conspirator, Navid Azizian, 41, of Novato, was charged with six counts of grand larceny and one count of excessive theft in connection with one of the victims.
Farkilian is being held on $250,000 bail and his next court date is April 11 for an oral argument. If convicted, he could be sentenced to prison and be forced to pay restitution to all four victims.
“Our communities should be safe from financial criminals, and financial criminals should know they are not safe in our communities,” said District Attorney Jeff Rosen. said in a prepared statement.
Anyone with information regarding this case is asked to contact Investigator Justin DeOliveira at 408-792-2420 or jdeoliveira@dao.sccgov.org.
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