3 East Bay Residents Indicted For Alleged Fraud & Conspiracy

EAST BAY, CA – Three East Bay residents were indicted by a federal grand jury Thursday on fraud and conspiracy charges related to an alleged phony investment scheme dating back several years, according to U.S. Department of Justice.

The defendants, Kenneth Taylor of Oakland, Sharon Ringgenberg of Martinez and Craig Scott of Lafayette, are each facing one count of conspiracy to commit wire fraud, according to federal prosecutors.

Taylor and Ringgenberg are also facing two counts of wire fraud and Taylor was charged with two counts of filing a false tax return.

The trio is accused of misrepresenting the assets and access to capitol of a company called Success Bullion LLC and of selling fake investment products to unwitting victims.

Between 2009 and 2012, the defendants are alleged to have sold more than $1 million worth of phony investment vehicles to several victims, according to the Department of Justice.

They are scheduled to appear in U.S. District Court in Oakland on May 4.

ALSO SEE:

• Murder Suspect Wanted To Steal Drugs, Did Not Want East Bay Man To Die: Police

• For & Against Trump Rallies Planned Saturday in Berkeley

--Bay City News/Shutterstock image