![]() ![]() From October 2019 to May 2020, Vick suffered losses of $967,000.īy failing to disclose any of her losses, not only did she entice new investors, but she also persuaded people already working with her to re-invest, police say. In reality, records show Vick’s brokerage accounts suffered aggregate losses of more than $600,000 in 2018 and more than $520,000 in 2020. She would instead pose as an extremely successful stock options trader with “remarkable ability and extraordinary returns,” according to the affidavit. When soliciting the investments, police said, Vick failed to disclose that her trading strategy involved significant risks by relying on margin trading and uncovered options. She also had investors write checks to AMV Investments that she would deposit in other accounts. Instead, Vick had investors wire funds to her various personal and restaurant bank accounts, then she’d transferred the money to either her personal brokerage account or the AMV Investments brokerage account, according to the affidavit. When she finally did, less than 4% of all investment funds were initially transferred to the AMV Investments brokerage account, investigators found. In the three months following Vick registering AMV Investments as a limited liability company, she received more than $200,000 from four investors but never opened an AMV Investments brokerage account, police say. Vick registered AMV Investments as a Colorado limited liability company, but police say she didn’t initially open an AMV Investments bank account, instead pooling AMV investors’ funds with her personal brokerage accounts, personal funds and restaurant funds. The only documentation, police said, was a promissory note AMV Investments would send to investors to be signed and sent back, and a one-page Google document noting the start date of investments, principal amount, monthly interest and payments made. In 2018, Vick started soliciting investments in her personal stock options trading, promising monthly interest payments between 5% and 10%, according to the affidavit. Police say she solicited more than $250,000 of investments - mixing them with her personal funds - before forming AMV Investments in August 2019.ĪMV Investments had no documentation describing Vick’s trading returns, trading strategies or associated risks. She also used part of the investments she solicited to repay prior investors, as well as to cover restaurant expenses, credit card payments and for personal use.įrom August 2018 to 2022, Vick lived in Mead and owned several Pinocchios locations in northern Colorado, as well as a restaurant called Delvickios in Broomfield. Vick allegedly solicited the investments - though she was not licensed to sell securities - without disclosing the risks involved or the losses she incurred, according to the affidavit. Vick founded the Pinocchios chain in northern Colorado - including the Pinocchios Incredible Italian restaurant in Greeley at 905 16th St. 1 on suspicion of 10 counts of securities fraud, according to an affidavit for her arrest. Police arrested 61-year-old Annie Vick - also known as Annie Velazquez or Annie Margaret - on Feb. It does not store any personal data.A local businesswoman has been accused of embezzling more than $3 million from at least two dozen investors from 2018 to 2021. The cookie is set by the GDPR Cookie Consent plugin and is used to store whether or not user has consented to the use of cookies. ![]() The cookie is used to store the user consent for the cookies in the category "Performance". This cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Other. The cookies is used to store the user consent for the cookies in the category "Necessary". The cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional". The cookie is used to store the user consent for the cookies in the category "Analytics". These cookies ensure basic functionalities and security features of the website, anonymously. Necessary cookies are absolutely essential for the website to function properly. Confidential Lawyer Succession Registry.Webinar Programs (Collaboration with MESA CLE).2023-2024 BAEC Membership Dues Schedule. ![]()
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