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Fraud Defendant Has Bail Lowered in Riverside County

Posted by Courtney Pilchmann | Dec 09, 2009 | 0 Comments

A man accused of being the mastermind behind a $144 million securities and mortgage fraud scheme had his bail lowered from $144 million to $5 million. After a bail reduction hearing, Richard Fields, a Riverside Superior Court judge reduced James Duncan's bail however, he did say he wants a hearing if Duncan can post the bail and where the money came from.

Duncan and several other co-defendants are accused of bilking hundreds of investors out of $17 million and causing over 200 homes to go into foreclosure. Investors are from Arizona and California.

About the Author

Courtney Pilchmann

Courtney Pilchman is a certified criminal law specialist who was a Deputy District Attorney for over six years prior to becoming a criminal defense attorney. She was a member of some of the most elite prosecution units including crimes against children, family violence, and sexual assault. She pr...

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