HUNTINGTON WOODS, Mich. – A lawyer pleaded guilty to engaging in a scheme to defraud investors, including several of his clients, of millions of dollars.
Robert Gross, of Huntington Woods, acknowledged that he secured funds for the benefit of other individuals by falsely representing the nature of purported investments and the security of those investments.
False representations made included claims that funds would be used for a medical marijuana business and equipment lien repayment.
The money was actually used to get gambling credit at a casino in Las Vegas.
Gross, 48, created fraudulent documents, including falsely notarized documents and a false net worth statement that he knew would be used in an attempt to secure additional money from investors.
Gross admitted that he expected to receive $2 million from the individuals for whom he was fraudulently soliciting funds. As part of his plea agreement, he agreed to be held accountable for $3,625,000 in restitution to victims of the fraud scheme.
Victims or those who have information about the crime are asked to contact the Homeland Security Investigations tip line at 1-866-347-2423 or ice.gov/tips.