Four men were arraigned today for defrauding investors of over $1 million from investors for a project to build a miniature golf course, restaurant, and water park in San Clemente. Christopher Schlegel, 36, Rancho Santa Margarita, is charged with four felony counts of using an untrue statement in the purchase or sale of a security and one felony count of using a device with a scheme to defraud with sentencing enhancements for aggravated white collar crime over $100,000, aggravated white collar crime over $500,000, property damage or loss over $65,000, property loss over $200,000. If convicted, he faces a maximum sentence of 16 years in state prison. He is being held on $530,000 bail and must prove the money is from a legal and legitimate source before posting bond.
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