PITTSBURGH, Pa. -
Daniel Lucas, 48 has been indicted by a federal grand jury on charges of wire fraud according to U.S. Attorney General David Hickton.
The indictment, returned on July 24 and charging him with 13 counts reported Lucas allegedly defrauded three investors by posing as a successful currency trader. He was able to claim $78,000 from each and then spent more than $49,000 for his own purposes, while earning no profits for investors and incurring more than $28,000 in trade loss.
According to the FBI website the law provides for a maximum total sentence at each count of 20 years in prison, a $250,000 fine or both.
Assistant United States Attorney Leo Dillon will be prosecuting the case in Pittsburgh, Pa.
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