September 6, 2005

Contact: Lynn Kimbrough, 720-913-9025 

TWO INDICTED FOR RACKETEERING

A Denver Grand Jury has returned a 43-count indictment against two men accused of scamming individuals and businesses out of hundreds of thousands of dollars over the last five years.  The indictment was returned last week and is the result of a successful joint investigation by several agencies.

Douglas Alan Glaser (DOB: 11-04-70 ) and Christopher Stevenson  (DOB: 01-11-66) are both charged with violating Colorado’s Organized Crime Control Act (F2) as well as conspiracy to commit securities fraud (F4), conspiracy to commit theft (F4), eight counts of securities fraud (F3), and nine counts theft (F4).

Glaser is also facing and additional eight counts of forgery (F5), seven counts of criminal impersonation (F6), four additional counts of theft (F3), possession of four or more financial transaction devices (F5), obtaining a controlled substance by deceit or fraud (F5) and possession of a weapon by a previous offender (F6).

The charges allege that Glaser and Stevenson worked together on a securities fraud scheme that misrepresented stock investments and failed to disclose Glaser’s criminal history.  The indictment further alleges that Glaser created a false identity that he used to commit numerous additional crimes. Eight individual investors lost nearly $20,000 and seven institutions that extended more than a million dollars in credit to Glaser lost about $280,000.

The criminal enterprise came to light earlier this year after Glaser was the victim of a hit-and-run accident.  A Denver police officer became suspicious of Glaser’s identification, prompting further investigation.

The indictment is the result of a cooperative effort by the Denver Police Department, the Colorado Division of Securities, the Office of the Inspector General - Social Security Administration and the United States Secret Service.  

Glaser is scheduled for arraignment in Denver District Courtroom 23 on September 12, 2005 at 8:30 a.m.  Stevenson’s next court appearance has not yet been scheduled.

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