Bad Business

Caliber Capital Management and its principal took $675,000 from investors in a securities fraud, and another $1.2 million from loans where Caliber was collateral, the SEC <strong><a href="http://courthousenews.com/wp-content/uploads/2017/02/Caliber.pdf">claims</a> </strong>in a federal complaint.

SANTA ANA, Calif. — Paul A. Garcia, 53, of Newport Beach, and his company Caliber Capital Management took $675,000 from investors in a securities fraud, and another $1.2 million he borrowed using Caliber as collateral, the SEC claims in a federal complaint.

Categories / Securities

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