SAN DIEGO (KGTV) - A San Diego financial adviser suspected of bilking
his clients in an alleged Ponzi scheme pleaded not guilty to some 80
felony counts Friday.
The San Diego County District Attorney’s Office said Christopher
Dougherty appeared before a judge Friday afternoon to answer to
accusations that he took money from his mostly elderly clients.
DA’s
Office officials said that criminal charges are being announced “in a
five-year Ponzi scheme that defrauded more than 50 people in San Diego
County out of nearly $8 million.”
Some of the alleged victims appeared in court.
"We've had to rely upon our children now which that should never be; we have wonderful children," said one woman.
Sheriff’s officials told Team 10 Dougherty was arrested Thursday morning at his home. His bail was set at $5 million.
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San Diego financial adviser accused in Ponzi scheme appears in court
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