April 23, 2024 12:12 am
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Phoenix developer and green tech-firm founder Ken Losch charged in $37M fraud case

Ken Losch

By Robert Anglen| Arizona Republic

He promised his company would deliver “game-changing” green technology. Federal authorities said he was more interested in how much green he could swindle from investors.

Real-estate developer and tech-firm founder Ken Losch was indicted Tuesday on 17 counts of wire fraud tied to his company, Advanced Green Innovations.

Losch, who was shackled at the wrists, stood before a judge and pleaded not guilty in Arizona U.S. District Court to defrauding investors out of $37 million. He also denied allegations that could result in the forfeiture of his personal assets.

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Rose Law Group Reporter, which provides Dealmaker’s content and service, is contracted by Rose Law Group. Rose Law Group is a full service real estate and business Law Firm practicing in the areas of land use/entitlements, real estate transactions, real estate due diligence/project management, special districts, tax law, water law, business litigation, corporate formation, intellectual property, asset protection, data breach/privacy law, ADA compliance, estate planning, family law, cyber-law, online reputation and defamation, lobbying, energy and renewable energy, tax credits/financing, employment law, Native American law, equine law, DUIs, and medical marijuana, among others. The views expressed above are not necessarily those of Rose Law Group pc or its associates and are in no way legal advice. This blog should be used for informational purposes only. It does not create an attorney-client relationship with any reader and should not be construed as legal advice. If you need legal advice, please contact an attorney in your community who can assess the specifics of your situation.