Couple Convicted in $11 Million Fraud
Jeffrey Buttler, 51 was convicted in Santa Ana Court on multiple counts of white collar fraud resulting from a ponzi scheme.
Jeffrey Butler, of San Juan Capistrano was convicted of hundreds of counts of fraud and theft from elderly people for overseas investments. Mr. Butler promised his elderly investors an interest payment each month on the overseas telecommunication investment but rather pocketed some of the cash to pay off earlier investors.
Peggy Butler was convicted of filing false income tax returns.
The jury trial lasted 6 months and took two days to read the verdicts.