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Judge Denies Antelope Valley Fraud Defendant’s Bid to Travel – MyNewsLA.com

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Judge Denies Antelope Valley Fraud Defendant’s Bid to Travel – MyNewsLA.com

A judge Tuesday denied an Antelope Valley woman’s bid to modify her conditions of release on federal charges alleging she obtained more than $13.5 million from at least 1,000 investors for her beverage company, the lion’s share of which she spent on casinos, luxury items and renting a house.

Lupe L. Rose, 54, of Palmdale, is charged with 38 counts of securities fraud and one count of making false statements to federal investigators, according to the U.S. Attorney’s Office.

Rose pleaded not guilty at her arraignment in February in Los Angeles federal court and a judge ordered her set free on $20,000 bond. Trial is set for Sept. 17.

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