- Associated Press - Wednesday, September 24, 2014

CINCINNATI (AP) - An Ohio man has pleaded guilty to charges related to what prosecutors call a decade-long fraudulent investment scheme.

Fifty-two-year-old John Bullar, the owner of Executive Management Advisors, LCC, pleaded guilty to single counts of wire fraud and money laundering Tuesday in U.S. District Court in Cincinnati.

Prosecutors say Bullar, of Cincinnati, solicited more than $8 million from more than 46 investors between 2003 and 2013, claiming he was successful in investing in commodity futures. Court documents say Bullar converted investors’ money for his own benefit.

A message was left for Bullar’s attorney.

U.S. District Court Judge Michael Barrett has ordered a presentence investigation and report, which is scheduled to be completed by late October.

Prosecutors say Bullar faces up to 20 years in prison and up to $250,000 in fines.

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