Attorney General Laxalt Announces Arrest of Las Vegas Man for Theft and Securities Fraud

March 25, 2016

Las Vegas, NV – Nevada Attorney General Adam Paul Laxalt announced that Mark Georgantas, 53, of Las Vegas, was arrested this week on two counts of theft and two counts of securities fraud. The alleged fraud was committed between July 2013 and March 2014.

According to the indictment, Georgantas misrepresented to victims that he had a “guaranteed system” of gambling and could promise profits from their investments. One victim paid Georgantas more than $300,000 as a result of these misrepresentations, while another paid him more than $50,000. Georgantas was indicted on January 7, 2016, and was arrested by the Office of the Nevada Attorney General at the Hard Rock casino.

“My Office is committed to ensuring that Nevadans are protected from unscrupulous investment schemes,” said Laxalt. “I encourage Nevadans to be skeptical of investment offers that claim to guarantee profits, and to report any suspicious activity to my Office.”

Georgantas is scheduled to appear before the Eighth Judicial District Court on April 4, 2016. An indictment is merely a charging document; every defendant is presumed innocent until and unless proven guilty in a court of law.

This case is being prosecuted by the Fraud Unit of the Office of the Nevada Attorney General. To read the criminal indictment against Mark Georgantas, click here. To file a complaint about someone suspected of committing theft or fraud, click here.