January 28, 2016
Defendant Ordered to pay $100,000 in Restitution
Las Vegas, NV – Nevada
Attorney General Adam Paul Laxalt announced that Peter Ortmann, 60, of Las
Vegas, was sentenced after pleading guilty in 2007 to one count of sale of
unregistered securities, a category “B” felony. The fraud was committed between
February and December 2006.
Ortmann sold unregistered securities to a
victim who invested $100,000 with him. After pleading guilty to the crime of
sale of unregistered securities in 2007, Ortmann failed to appear for
sentencing, and a warrant was issued for his arrest. He was arrested in
Washington State almost eight years later, and was subsequently sentenced.
“Perpetrators of financial fraud not only
harm their victims, but the families and loved ones of their victims as well,”
said Laxalt. “I am pleased that justice has been served in this matter after the
defendant absconded from the law for nearly eight years, and will continue to
aggressively prosecute frauds like this one.”
Eighth Judicial District Court Judge
Stefany Miley sentenced Ortmann to 36-96 months in prison, and ordered him to
pay $100,000 in restitution.
This case was investigated by the Nevada
Secretary of State’s Office, and was prosecuted by the Nevada Attorney General’s
To view the criminal Information, click
here. To file a complaint with the Office of the Nevada
Attorney General, click here.
(Photo courtesy of the
Las Vegas Metropolitan Police Department)