Defense lawyer in ‘Billionaire Boys Club’ scheme indicted


From The Detroit News:

The attorney representing the Brighton businessman accused in an alleged $53 million "Billionaire Boys Club" Ponzi scheme has himself been indicted for a criminal investment fraud scheme.

Gregory Bartko, the Georgia attorney representing John J. Bravata, his wife Shari Bravata, and his son Antonio Bravata on civil fraud charges brought in Detroit by the U.S. Securities and Exchange Commission, is named in a six-count federal indictment handed down in North Carolina, according to court papers filed today.

Bartko, 56, along with a California man, are accused of running an interstate scheme to profit from the fraudulent sale of investments starting in 2004. He faces charges that include conspiracy, false statements, obstruction, and mail fraud.