Santa Ana, Orange County - A San Juan Capistrano man has been charged with grand theft, white collar crimes and fraud. He was accused of bilking over $11 million from 124 senior citizens in a fraudulent investment plan.
Jeffrey Butler was convicted of 694 felony counts of grand theft from investors through the ponzi scheme. The fraud case is so far one of the largest elder-abuse cases in Orange County. Butler offered to his clients12 percent return for investing the money with him. And then he took their money through a Ponzi scheme. Majority of the victims are over the age of 70, have lost their life savings.
