H-BREAKING NEWS

May 6, 2013 12:33 PM by Michael Handler; KSBY News

Well-known, local investor arrested

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.

photocredit: www.youtube.com

» There are multiple updates to this story. Please click here to get the latest information.

»Comments

PLEASE HELP US MODERATE COMMENTS

Offensive or inappropriate comments are subject to removal. To report a comment, please e-mail us at feedback@ksby.com, and include the name of the story and information on the comment.

Thank you! KSBY.com


More News

Local News
Story Photo

7 minutes ago

Pet Tales: Meet Ruby

Ruby is still available! Sweet Ruby was our Pet Tales pet of the week on Friday and is still waiting for...

Most Popular

Top Videos

1 2 3 4