Woman Charged with Investment Fraud
Published at | Updated at(IDAHO FALLS, ID) – An Idaho Falls woman has been indicted for her role in an alleged investment fraud scheme. Lois Davis reportedly started the scheme when she lived in St. Anthony.
She’s accused of falsely claiming to invest money from her clients, but instead used the funds for personal expenditures. Authorities say 59-year-old Davis Lois stole as much as $1.8 million.
If convicted, Davis could spend several decades behind bars and pay up to $500,000 in fines.