A sentencing date was not immediately available Friday for a Malibu man who was convicted of defrauding investors out of more than $20 million by lying to them about his technology company’s financial performance.
Bernhard Eugen Fritsch, 63, was found guilty late Thursday in downtown Los Angeles of one federal count of wire fraud, according to the U.S. Attorney’s Office.
Evidence presented at a nine-day trial showed that Fritsch, the founder and chief executive of Santa Monica-based StarClub Inc., made false claims to prospective investors, including that StarClub was on the verge of entering commercial deals with, or obtaining investments and buyout offers from major media companies such as Disney.
From 2014 to 2017, Fritsch raised more than $20 million from investors to build out the company’s app, claiming celebrities and influencers would use the technology to post content on social media sites such as Facebook. At the same time, he claimed, the app would deliver advertising content and share ad revenue with the celebrity poster, prosecutors said.
Fritsch also claimed he would use the investors’ money to build out StarClub’s channels and technology and for general corporate purposes. Instead, Fritsch used much of the money to enrich himself and support a luxurious lifestyle, including the purchase of luxury cars such as a McLaren and a Rolls-Royce, fixing up his yacht and renovating his Malibu mansion, located near Carbon Beach, evidence showed.
Law enforcement seized the yacht, McLaren and the Rolls-Royce and they are subject to forfeiture proceedings.
One victim invested more than $20 million in StarClub over the course of two years, based on Fritsch’s false statements. The victim also introduced Fritsch to other victims who invested millions of additional funds in the company. Prosecutors estimate that Fritsch caused at least nearly $25 million in victim losses because of his scheme.
The jury in L.A. federal court found Fritsch not guilty of a second wire fraud count. He remains free on bond.
U.S. District Judge Dale S. Fischer is expected to schedule a sentencing hearing to occur in the coming months. Fritsch faces a sentence of up to 20 years in federal prison, according to the U.S. Attorney’s Office.
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What about every kind that’s at the police department that doesn’t have an identification on them to prove that he’s got a graduation from the California bar Academy that he’s got a certificate from the state of California as a certified and licensed officer that he has a union rep in a union card so that he knows what is reunion number is because they’re receiving a commission unionized police officers paycheck when they’ve never graduated from high school they don’t even have a driver’s license for the concealed weapons permit but yet you’re paying them 8 billion dollars on a 20 year stretch 75 million a year for 20 years is 7.75 billion dollars and they have a 100% guarantee that they will be paid that kind of money every fucking week from the city and county because how they think that the city and county believes that how they’re doing the worthy job at 8 billion dollars for 20 years stretch.
MalcolmX & Martin Luther King’s Murder.
And what really gets me is I’ve told you many times that George Randolph John Crow Senior had Malcolm X in handcuffs when George’s son John Randolph Crow Jr walked in the door with the loaded gun and blow away Malcolm X’s head away while he was in his father’s handcuffs. He then took out Martin Luther King but nobody gives a shit about these hateful motherfuckers that murdered all y’all because how you went out there and murdered everybody in the fucking countries splendored the fucking cold and did everything you could for the man that killed the two people that stood up for any of you.
Here’s one that most people wouldn’t know George Randolph John Crow Senior was no other than Adolf Hitler and Dorothy Ellen Shepard was Eva Braun! And their daughter Debra Susan Campbell was married to Gary Keith Horton to have John Clark Gable Jr. Your son John Randolph Crow Jr. They were the most surreal killer satanic narcissist in the world
So I came up with George Randolph John Crow Senior was no other than Adolf Hitler and Eva Braun was Dorothy Ellen Shepard! And their covert life Dorothy and George were both FBI agents out of Orlando Florida now you can understand why the third right law enforcement has been in play!
Then your deputy Lovejoy of the San Mateo County jail rewrited something on my record from a 22 letter word of ” TRESPASSING ” with 6 months time served on a Misdemeanor. That He Rewrote ” Terrorist Plotting” so y’all could go out and murder everybody that I ever met just makes no sense that you can’t believe your own handwriting.
Here’s the thing that most people don’t understand about Donald Trump.
He’s a collaborator for the Germans in the Third Reich henchman Donald Trump is certainly is. He is always been with the Third Reich and always been with the Germans. They have been fighting this country ever since before Abraham Lincoln died in the fucking Opera House. They were the ones on the vessels that brought the Red Coach with them so that the Africans that stole everything from oak Island could burn down the White House in 1856 and infiltrate America so that everybody would believe that the German Hitler and the Nazi regime had been ended by the war. When Teddy Roosevelt and Eisenhower released Adolf Hitler through Canada and into the United States to retire in Sanford Florida and died in 1971 at a rifle age of 91 years old.
There was never an escape from Alcatraz Al Capone paid for three officers to go to work for the San Francisco Police Department where they retired and died in the graveyard at the San Francisco Police Department with their photographs at the San Francisco police department for 40 years retirement why there’s all that evidence in the world but yet the law enforcement has been so fucking corrupt ever since that they want to make you believe that they got on too rubber inner tubes that were made out of rubber cement and rubber raincoats and swam all the way over to Angel Island where they later drowned right. 500 trillion dollars they got from the government to search for all them people that never went anywhere but went to work for the San Francisco Police Department on a deal from Al Capone. And each and every escape since then has all been a materialistic value so that they can make trillions of dollars from the county and the city in the state for being the uneducated and unlicensed officers on the streets. 900% of them will tell you that it was not a requirement to have an education in law enforcement. Not a requirement for them to have a driver’s license. It’s not a requirement for them to have a concealed weapons permit. There’s no requirement to be educated licensed. And it’s not a requirement to go to school and get a graduation. To be the disgraceful piece of shit in the nation how that’s no requirement they already have that they’re the biggest brutality of the nation. The third Reich law enforcement