A Redondo Beach man was charged last week in North Carolina after he allegedly posed as an investment adviser and defrauded victims of more than $4 million over the course of several years.

Jon Patrick Kubler, 52, was indicted on charges of securities fraud and transactional money laundering after he allegedly provided investment planning and management services to inexperienced investors, the elderly and life insurance and settlement beneficiaries, despite not having a license, according to a May 23 statement by the U.S. Attorney’s Office for the Western District of North Carolina in Charlotte.

Between December 2017 and April 2023, prosecutors allege Kubler defrauded around 30 investors of more than $4 million.

Kubler falsely and fraudulently represented himself to victims, hid and om

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