An Attleboro man was arrested on Federal fraud charges Thursday, according to the United States Attorney's office.
A statement provided by United States Attorney Carmen Ortiz outlined security fraud charges against Robert Burton, 36, of Attleboro. Burton is the Managing Director of Pinnacle Financial Consulting LLC, Pinnacle Strategic Investments LLC, and the Pinnacle Asset and Capital Management Group LLC.
He was charged with promoting various high-yield investments through Promissory Notes and Offering Memoranda.
to the complaint, Burton represented that he would return the principal
invested within approximately 30 days, along with an interest
payment equal to 100% of the amount invested," Ortiz's statement said. "Burton did not make the
promised payments and, in some instances, provided investors with checks
that ultimately bounced."
Burton made an initial court appearance today
and will appear for a detention hearing on Sept. 4, according to the statement.