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Montecito man pleads guilty to defrauding investors

By   /   Wednesday, June 5th, 2019  /   Comments Off on Montecito man pleads guilty to defrauding investors

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A Montecito man pleaded guilty June 3 to a felony count of wire fraud for defrauding investors by making false promises to use their money to purchase shares of Facebook and Twitter prior to the companies’ initial public offerings. Efstratios “Elias” Argyropoulos, 72, entered his plea before United States District Judge George Wu, who scheduled…

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