James Halstead ordered to pay $22 million in investment scheme (Los Angeles Times)

20 August 2008, 12:12 am

The Santa Ana man blew investors' money on a lavish lifestyle, a federal judge says. He also faces punitive damages. A federal judge has socked James R. Halstead with a $22-million summary judgment, ruling that the Santa Ana insurance salesman solicited the money for sophisticated investments but instead blew it on fast cars, a mistress and Las Vegas real estate.... read more

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