Indictment — No. 1:22-cr-00287 (E.D. Cal.)

Summary

A sealed grand jury indictment filed October 27, 2022 in United States v. Royce Newcomb, Case No. 1:22-cr-00287-ADA-BAM, in the U.S. District Court for the Eastern District of California, charging wire fraud under 18 U.S.C. § 1343 (Five Counts) and money laundering under 18. U.S.C. § 1957 (One Count). Counts One through Three allege that from no later than February 2017 Newcomb solicited investors in Strategic Innovations LLC for smart-door and address-plaque products, falsely claimed a National Science Foundation grant, and spent investor money on personal expenses, causing over $4,000,000 in losses. A further count alleges an Economic Injury Disaster Loan application claimed $600,000 in revenues for a company with none, causing the SBA over $72,000 in losses. Another alleges false loan applications to private lenders in 2021.

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