WASHINGTON, Oct. 26 -- The U.S. Department of Justice's U.S. Attorney's office for XXXXXX (insert district) issued the following press release:
SACRAMENTO, Calif. - Antonio Honorato Silveira, 50 of Turlock, pleaded guilty today to wire fraud, U.S.Attorney Eric Grant announced.
According to court documents, Silveira worked as a tax preparer and accountant. By no later than June 2011, he began accepting money from clients to invest on their behalf. He promised annual returns of between 13% and 17% and memorialized those promises in signed promissory notes and guarantees. Investors gave Silveira discretion to invest their money in the stock market as he saw fit.
Silveira, however, was an unsuccessful stock trader and consistently lost money...