Police seek victims of fraudulent investment scheme

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The following is a press release from the Chandler Police Department:

CHANDLER -- Chandler Police Department's Financial Crimes Unit is currently investigating James David Ritter for conducting a fraudulent investment scheme in the Scottsdale area this past summer. Ritter, using the aliases David Danbury and Danny Ritter, solicited money from victims by falsely representing that he is a successful Wall Street investment broker. Ritter then stole the money given to him by victims to invest on their behalf.

The U.S. Marshal's Service arrested Ritter yesterday in Las Vegas, Nevada. In 2005 Ritter was convicted of Grand Theft in the State of Florida and sentenced to ten years in Florida Department of Corrections. Until yesterday Ritter had successfully eluded law enforcement after failing to surrender himself to authorities to begin his Florida prison sentence.

Chandler Police are trying to identify other victims of James David Ritter's recent fraudulent investment scheme in Scottsdale. Chandler Police ask that anyone who gave money to Ritter to invest on their behalf to please contact the Chandler Police Department's Financial Crimes Unit at 480-782-4400.