Former El Dorado Hills man indicted for fraud
By Cole Mayer
A former El Dorado Hills man has been indicted by a federal grand jury on 18 counts of wire fraud.
Daniel Chartraw, 39, was charged with a “series of schemes to defraud numerous individuals,” a press release from U.S. Attorney Benjamin B. Wagoner stated.
Between Jan. 1, 2007 and Nov. 31, 2011, court documents allege that Chartraw made false statements and promises in order to obtain money in the form of loans, investments and “various commodity purchases.” He collected approximately $2.4 million from investors.
Chartraw, according to the indictment, claimed he owned mines and minerals or that he had a certificate of deposit worth $100 million which he could use to generate revenue. In March 2009, he was able to obtain $25,000 each from two victims by claiming he could help them become oil brokers. He promised to deposit $100 million for each of them in bank accounts which he would set up in their names. The $50,000 would go in a separate bank account, he promised, but instead he used it for personal expenses.
“In all cases, Chartraw had neither the intention, ability, expertise, or financial means to repay the loans or to perform on the promises that he made to prospective investors,” the press release stated.
Chartraw became a fugitive in 2011 while out on bail from Monterey County Superior Court for charges of grand theft, embezzlement and corporal injury on a spouse, according to court documents. He was found and arrested in Mexico on April 20, 2012 by FBI agents and deported to the U.S.
The case comes from extensive investigation by the FBI and will be prosecuted by Assistant U.S. Attorney Michael D. Anderson.
Chartraw is scheduled for arraignment before U.S. Magistrate Edmund F. Brennan on May 23 at 2 p.m. If convicted, Chartraw faces a maximum of 20 years in prison followed by three years of supervised release, along with a $250,000 fine for each count.