|By AnnMarie Cornejo, The Tribune (San Luis Obispo, Calif.)|
Eighty-year-old Moriarty's attorney,
Moriarty remains in
Allen said he did not know what bail amount he would request, but "something manageable for Moriarty."
The requested bail amount could range from
Typically bail payment is 10 percent of the bond set.
In addition, two enhancements were included for an aggravated white-collar crime and excessive taking of more than
Moriarty was arrested
Moriarty, a longtime
The claims, which vary in amount, allege fraud, elder abuse and breach of contract by not repaying loans as promised and a lack of required security licenses needed to make investments. One lawsuit alleges that Moriarty was running a Ponzi scheme "designed to defraud community members out of their retirement and other savings."
In January, Moriarty filed for bankruptcy, owing more than
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|Source:||McClatchy-Tribune Information Services|