Law Office of Pilchman & Kay, A Professional Law Corporation Blog

$1.14 Million Dollar Fraud Uncovered in Orange County

Posted by Courtney Pilchman | Nov 03, 2009 | 0 Comments

Paul Vivera Abad, 45 was arrested by the Orange County Sheriff's Department for what authorities believe is a million dollar commodities fraud. Abad, who allegedly held himself out as a licensed commodities trader sold investments with promises of significant returns. His company Thirteen Thirty Two Inc. worked with over 10 clients who thought their money was being legitimately invested.

According to law enforcement, Abad told his clients he was a licensed commodities trader when in fact he was not. Under this pretense, he began an investment scheme, trolling investment seminars for potential victims back in January, 2001.

Abad provided clients with false statements showing their investments were growing and on that basis, some clients added to their initial investment. To keep investors at bay, Abad used a ponzi scheme by paying off earlier investors with later investors money Abad, was a customer service representative at Verizon in the city of Irvine at the time of his arrest. Currently, he is in custody at the Orange County Jail.

About the Author

Courtney Pilchman

Courtney Pilchman 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 prosecuted very high profile cases and had a ...


There are no comments for this post. Be the first and Add your Comment below.

Leave a Comment

Contact Us Today

Pilchman & Kay, APLC is committed to answering your questions about domestic violence, federal crimes, fraud crimes, sex crimes, violent offenses, and white collar crimes, law issues in California.

We offer a free consultation and we’ll gladly discuss your case with you at your convenience. Contact us today to schedule an appointment.