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Colby Cyburt, LLC / real estate ponzi scheme

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Colby Cyburt Arrested for fraud in basic Ponzi Scheme in Los Angeles, California.

Detectives arrested a Colby Cyburt man accused of running an investment scheme that allegedly took in millions of dollars from at least 25 local investors.

Colby Cyburt, was arrested Tuesday evening for multiple felonies including grand theft, elder abuse, and securities fraud, money laundering according to sources in Los Angeles County Crimes unit.

As of Wednesday Morning, Dougherty was in custody at the Los Angeles County Jail, with bail set at $3 million.

"Anything Colby says is a lie, he's lying, " A victim said about Cyburt." The money was part of our retirement savings, and now we have nothing left ".

Court records allege that Cyburt ran a basic example of a "Ponzi Scheme" that used "new investment money to pay existing investors" and created the "false impression" that Cyburt's clients were profiting on their investment.

Cyburt was a student and football player at UCLA, and now works as analyst at EastDil Secured LLC, in Santa Monica, California

If convicted, Cyburt could face 12 years on multiple charges of fraud.

Colby Cyburt, LLC

Mi
Jun 11, 2019
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Comments

  • Mo
      Jun 14, 2019

    Colby Cyburt always was a scam artist, maybe sitting in jail will teach him better

    0 Votes
  • Mo
      Jun 14, 2019

    Interestingly enough, I heard Colby is scamming again through a pyramid scam out of Orange County!!, watch out!

    0 Votes
  • Pa
      Jun 19, 2019

    Sounds like Mollyannkirk has made up this article. Colby has never been arrested in his life, much less this week for anything. The article is totally false. At one point it clams colby was at fault but "Dougherty is in custody in an LA jail" for it. That takes talent. Slander is a crime however. Watch out "Mollyannkirk". Police may be knocking at your door instead.

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