Washington Man Accused Of Racketeering Charges In Oregon

Site staff,
Posted:
by Site staff

MEDFORD, Ore. (AP) — A man from Washington is accused of selling unregistered securities to elderly people in Southern Oregon – then stealing the investments.

But 50-year-old Michael Frazier, of Spokane Valley, says he’s Not guilty of racketeering.

If found guilty, Frazier could spend up to 20 years in prison. Frazier allegedly sold up to $310,000 of fake annuities to clients.

He remains in the Jackson County jail on securities fraud charges and eight counts of aggravated theft, among other charges.

Submit a news tip or story idea // Report a typo or error

FOLLOW 4 NEWS NOW ON SOCIAL MEDIA: Facebook │Twitter│Instagram│YouTube

DOWNLOAD AND STREAM KXLY+ FOR FREE: Apple TV│Android TV│Roku│Amazon Fire│Or search for KXLY+ on your Smart TV

DOWNLOAD THE 4 NEWS NOW NEWS APP: For iOs devices│For Android devices

DOWNLOAD THE 4 NEWS NOW WEATHER APP: For iOs devices│For Android devices

SUBSCRIBE TO OUR NEWSLETTERS: Sign up here 

Top Stories