Crime & Safety

Attleboro Man Arrested on Federal Fraud Charges

Federal charges against an Attleboro man were unsealed today after his arrest on security fraud charges.

An Attleboro man was arrested on Federal fraud charges Thursday, according to the United States Attorney's office.

A statement provided by United States Attorney Carmen Ortiz outlined security fraud charges against Robert Burton, 36, of Attleboro. Burton is the Managing Director of Pinnacle Financial Consulting LLC, Pinnacle Strategic Investments LLC, and the Pinnacle Asset and Capital Management Group LLC.

He was charged with promoting various high-yield investments through Promissory Notes and Offering Memoranda.

"According to the complaint, Burton represented that he would return the principal invested within approximately 30 days, along with an interest payment equal to 100% of the amount invested," Ortiz's statement said.  "Burton did not make the promised payments and, in some instances, provided investors with checks that ultimately bounced."

Burton made an initial court appearance today and will appear for a detention hearing on Sept. 4, according to the statement.

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