- Associated Press - Wednesday, January 25, 2017

SANTA ANA, Calif. (AP) - A 55-year-old Orange County woman has pleaded guilty to a federal charge of participating in a real estate scheme that cost Southern California investors $3.5 million.

The United States Attorney’s Office said Tuesday that Angel Bronsgeest of Lake Forest entered a guilty plea to one count of wire fraud.

She admitted that from 2007 to 2014 she and an accomplice solicited victims at hotel seminars to get them to invest in properties via their company, Equity Growth Group.

Prosecutors say the firm acquired no properties and had a negative cash flow. At least 50 victims were defrauded.

Bronsgeest faces up to 20 years in prison when she’s sentenced.

Trial is scheduled for August for her accomplice, 46-year-old Shawn Patrick Watkins of Layton, Utah.

Sign up for Daily Newsletters

Manage Newsletters

Copyright © 2020 The Washington Times, LLC.

Please read our comment policy before commenting.


Click to Read More and View Comments

Click to Hide