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Key Issue: Owner of Large 403(b)/457(b) Compliance Firm Booked

TDS Group CEO Robert Lotter Hit With Additional Fraud Charges (5/25/21) - Scott Dauenhauer, CFP

Excerpt: California’s largest provider of compliance services to teachers has been arrested again on new fraud charges. Robert Lotter and his accomplice, Charles Major, were charged with allegedly defrauding 22 more victims.

 

Additional Felony Charges Filed Against Orange County Insurance Agents in $7 Million Securities Fraud Scheme (5/17/21) - California Department of Insurance

Excerpt: Lotter’s insurance agency led several victims to believe the agency was authorized or affiliated with the California State Teacher’s Retirement System (CalSTRS) that provides retirement pension advice to California public school educators. Some victims did not discover it was not authorized or affiliated with CalSTRS until after they had invested substantial funds in eAgency, Inc. and Mymobilewatchdog, Inc.

 

Arrested Development (12/8/20) - Dan's Blog for 403bwise.org

Excerpt: "This is not an Onion story. The Newport Beach, California owner of Tax Deferred Services, a firm that provides 403(b)/457(b) plan compliance for more than 300 California school districts was arrested in what the California Department of Insurance (CDI) called a “$4 million securities fraud scheme.” 

 

Newport Beach Insurance Agent Pleads Not Guilty in $4-million Securities Fraud Scheme (12/1/20) - Daily Pilot for the Los Angeles Times

Excerpt: A 63-year-old Newport Beach insurance executive pleaded not guilty to charges in what state authorities said was a $4-million securities fraud scheme that affected more than 20 victims.

 

Orange County Insurance Agents Arrested in $4 million Securities Fraud Scheme (11/25/20) - California Department of Insurance

Excerpt: Robert Andrew Lotter, 63, of Newport Beach, and Charles Albert Major, 72, of Irvine, were arrested today on multiple felony counts of securities violations and burglary after allegedly defrauding more than 20 victims of over $4 million.

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