Martinez was indicted on ten charges of wire fraud in a U.S. District Court in Chicago.
The Sonn Law Group is investigating allegations that Mary Martinez committed fraud. If you or a family member has suffered losses investing, we want to discuss your case. Please contact us today for a free review of your case.
Mary Martinez, also known as Mary Flores, was a financial adviser in Glencoe, Illinois. She was charged in federal court for allegedly swindling clients who sought her assistance in buying new homes after foreclosure. The indictment was returned charging her with ten counts of wire fraud.
According to the indictment, Martinez owned and operated several companies, including Illinois Housing Solutions, America Investment Corporation, and Investor Short Sale Niche, that purported to offer financial services, real estate and mortgage services, and investment opportunities. Martinez then allegedly placed an advertisement on the radio offering assistance to individuals who had lost their homes through foreclosure to purchase another home and improve their credit.
The indictment also alleges that from 2011 until 2020, Martinez made false representations to victims to obtain investment funds, including college funds, personal savings, and retirement accounts. Instead of helping victims save money for a downpayment on a home, Martinez misappropriated the victims’ funds to pay her business and personal expenses. Martinez allegedly caused victims to lose over $450,000 as a result of the scheme.
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The Sonn Law Group is currently investigating allegations that Mary Martinez committed fraud. We represent investors in claims against negligent brokers and brokerage firms. If you or your loved one experienced investment losses, we are here to help. For a free consultation, please call us now at 866-827-3202 or complete our contact form.