David Bunevacz Wiki – David Bunevacz Biography
David Bunevacz, a former track star from California, was sentenced to 17 1/2 years in federal prison. According to the Department of Justice, he allegedly defrauded cannabis industry investors out of more than $45 million, including some who were reportedly pushed into serious financial crisis. The 53-year-old started in 2010 and began by creating business entities with names like CB Holdings Group Corp and Caesarbrutus LLC.
He appealed to investors by claiming that the companies deal with the cannabis industry, specifically telling them that they are part of selling vaporizers that contain cannabis products, such as CBS oil and THC. The Justice Department also found that Bunevacz shared false information with at least one investor about his relationship with a Chinese maker of disposable vape pens.
David Bunevacz Age
David Bunevacz is 53 years old.
Incident Detail
Bunevacz used the investors’ money on her own vacations, horses, designer clothes and even his family’s home in Calabasas, referring to the home as “luxurious” in his press release. In addition, he also faces charges for registering shell companies, some of which borrowed the names of legitimate companies, in order to “create the false appearance that their companies were engaged in legitimate business activities,” the Justice Department states.
The former star athlete even tried to keep his distance from some of the fictional entities, listing others, including his stepdaughter, as his corporate officers rather than leading them himself. According to the federal court filing, Bunevacz collected more than $45.2 million in fraudulent investments, at the expense of more than 100 victims.
District Judge Dale S Fischer ruled Monday, November 22, that Bunevacz is liable for losses amounting to more than $35 million and sentenced him to 210 months behind bars, reports CBS News. The former star athlete even tried to keep his distance from some of the fictional entities, listing others, including his stepdaughter, as his corporate officers rather than leading them himself.
According to the federal court filing, Bunevacz collected more than $45.2 million in fraudulent investments, at the expense of more than 100 victims. District Judge Dale S Fischer ruled Monday, November 22, that Bunevacz is liable for losses amounting to more than $35 million and sentenced him to 210 months behind bars, reports CBS News.
“The sense of violation, the attack on personal dignity and the lasting trauma [Bunevacz] has caused are very reminiscent of the harm typically associated with violent crime,” prosecutors said in a sentencing memorandum. “And, with more than 100 victims, [Bunevacz] caused this damage on a scale rarely seen,” according to the Justice Department.
The guilty Bunevacz was a successful athlete at UCLA and later competed in track and field events with the Philippine national team. He shares three children with his Filipina model and actress wife, Jessica Rodriguez.
Bunevacz is already responsible for one felony charge for the illegal sale of securities in 2017, according to the Justice Department. He was arrested in April, when he pleaded guilty in July to one count of securities fraud and one count of wire fraud while in federal custody.
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