Posted: May 6, 2013 9:33 AM by Michael Handler; KSBY News
Updated: May 7, 2013 3:05 PM
KSBY News has learned a local financial investor sits in a Washington state jail awaiting charges for felony fraud.
According to the San Luis Obispo County Sheriff's Office, Albert Moriarty, 79, was arrested Sunday in Kitsap County, Washington on a $5 million California warrant.
Moriarty is a well-known financial consultant in Grover Beach. He owned a home and property in Nipomo. He was the owner of Moriarty Enterprises.
The charges on the arrest warrant include securities fraud and use of a scheme to defraud.
The San Luis Obispo County Sheriff's Office has put in a request for extradition, but that process has not started. He is due in court in Kitsap County at 1:30 pm Monday. Moriarty is held without bail.
Moriarty is also facing numerous civil lawsuits from creditors and clients.
KSBY News is following this breaking story, we will update you as soon as more information becomes available.
PLEASE HELP US MODERATE COMMENTS
Offensive or inappropriate comments are subject to removal. To report a comment, please e-mail us at email@example.com, and include the name of the story and information on the comment.
Thank you! KSBY.com
Get deals up to 80% off here!
Find the lowest gas prices in your area
Submit your photos to KSBY
Check out our calendar of events
Save with Hot Deals across our counties!
Events across the Central Coast
Follow The CW5 on Facebook.
The KSBY online public file.
What do you think? Leave us your feedback.
KSBY is your official CA Lottery station for San Luis Obispo and Santa Barbara Counties