SANTA ANA, Calif.—A 44-year-old Laguna Niguel man was arrested June 1 on federal charges of bilking at least $1.8 million from 11 investors.
Amadou Kane Diallo, a Senegalese national, was expected to make his initial appearance in federal court in Santa Ana Thursday afternoon. His attorney, John Littrell, did not immediately respond to a request for comment.
Diallo’s 21-count indictment, which was unsealed Thursday, alleges he told would-be investors from 2015 through January 2020 that he was a “self-made millionaire and successful entrepreneur who had become wealthy working in e-commerce, information technology, and other industries.”
Diallo “flaunted his ownership of luxury homes and vehicles, falsely claimed that he owned them debt-free, and at times falsely claimed to be one of the richest men in Africa” to woo investments in his Newport Beach-based companies, Virtual Advisors LLC and Liquide Inc., according to the indictment….