Here is a man who bilked his fellow AA members out of lots of money! He would befriend those vulnerable in Alcoholics Anonymous meetings and gain their trust.
FORT COLLINS, Colo. (CBS4) – A man accused of bilking dozens of Coloradans out of tens of thousands of dollars told CBS4 they accusers were making legitimate investments.
Investigators say Richard Mayfield, 72, befriended the alleged victims at places including church and Alcoholics Anonymous meetings. Investigators say Mayfield told investors in the Maverick Sales Group they were investing in his patented sales training program called “The Last Sales Seminar.”
“People were thinking they were buying some intellectual property. The problem was, there was no intellectual property,” :Sgt. Don Whitson with Fort Collins police said.
Whitson said they’ve been investigating Mayfield for several years.
UPDATE-
FORT COLLINS, Colo. (AP) – A 72-year-old man accused of defrauding investors whose trust he had gained through Alcoholics Anonymous meetings is due to be sentenced for theft Sept. 15.
Richard Horace Mayfield pleaded guilty Thursday in Larimer County to theft amounting to $1,000 to $20,000. The charge is punishable by up to six years in prison and a $500,000 fine.The Coloradoan reports Mayfield was accused of defrauding 22 people in a Ponzi-like scheme.Mayfield ran The Maverick Sales Group and Richard H. Mayfield and Associates between the mid-1990s and 2010.