If you share the same market as the contributor of this article, you may not use it on any platform. Please note: This content carries a strict local market embargo. In reality, Galvan had never purchased a home in Lake Oswego and there were no settlement funds in escrow. Based on Galvan’s false promises, the victim and several others paid him more than $130,000. Galvan encouraged the victim to convey a similar offer to several of the victim’s relatives and a family friend. Galvan also promised to pay the victim an additional $100,000 every time the victim provided more funds toward house purchase expenses. Galvan told the victim he would pay him $250,000 if the victim agreed to provide these funds. Galvan convinced the victim to pay for various fees and costs associated with the house purchase while he awaited the settlement funds. Galvan falsely claimed the settlement had grown in escrow to $1 million, but that the court would not release the funds until certain conditions with Galvan’s bank account were met. According to Galvan, a court judgment allegedly required the owners to pay him a large settlement that was placed into an escrow account. Most people start with an About page that introduces them to potential site visitors. He further told the victim that he sued the owners of the house after they refused to leave. It’s different from a blog post because it will stay in one place and will show up in your site navigation (in most themes). In July 2019, he told a victim he had purchased a house in Lake Oswego for $900,000, despite the home being worth approximately $2 million. Total losses incurred by these victims exceeded $518,000, which, for many, made up their life savings.ĭuring this same time, Galvan engaged in a separate scheme targeting his own family and friends. Galvan subsequently spent victims’ money on various personal expenses including rent, car payments, travel, dining, food, guns, and voluntary cosmetic procedures. He then used an app called StockMaster to create false investment profile accounts for each victim and would periodically send them fake screen shots of their profiles. If you are using a paginated report, you may only leave a general comment about your report. Only the first comment in a conversation creates a bookmark. Bookmarks are not captured when you reply to a conversation. To add a new conversation or comment, delete prior conversations or comments. Once victims transferred their funds in an account controlled by Galvan, he failed to open accounts on their behalf as promised. The maximum number of comments per conversation is 1000.
HOW TO LEAVE COMMENTS ON STOCKMASTER HOW TO
He also promised to teach his victims, many of whom were elderly and spoke English as a second language, how to successfully navigate the stock market. Galvan posed as an investment trader and promised his victims he would invest their money and help them achieve financial security and retire early to live a good life.
from Romania or were of Romanian descent. According to court documents, between January 2018 and August 2020, Galvan devised a scheme to defraud his ex-wife’s family and friends.
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