Ian Gregory Bell, a 35-year-old resident of Denver, Colorado, has been indicted by a federal grand jury on multiple charges related to an investment fraud scheme. The United States Attorney’s Office for the District of Colorado announced that Bell faces eight counts of wire fraud, five counts of mail fraud, and five counts of money laundering.
The indictment alleges that from early 2020 through March 2023, Bell engaged in a scheme to defraud investors by making false promises about significant returns with low risk. He reportedly acquired over $1 million from more than twenty clients. According to the indictment, Bell misused or lost the funds shortly after receiving them and provided fabricated reports to investors showing fictitious gains. He is also accused of soliciting further investments under false pretenses.
Bell's initial court appearance was before U.S. Magistrate Judge Michael E. Hegarty. It is important to note that the charges are allegations at this stage, and Bell is presumed innocent until proven guilty in court.
The investigation into Bell's activities was conducted by the United States Postal Inspection Service and the Internal Revenue Service, alongside a parallel inquiry by the U.S. Securities and Exchange Commission's Denver Regional Office. Assistant United States Attorney Rebecca Weber is prosecuting the case.
Case Number: 1:24-cr-00345-PAB-1