LOS ANGELES—A former University of California–Los Angeles (UCLA) decathlete has agreed to plead guilty to federal charges for raising more than $37 million from investors falsely told their funds would be used to finance companies marketing cannabis vape pens, federal prosecutors announced July 1.
David Bunevacz, 53 of Calabasas,who competed with the Philippines national team, agreed to plead guilty to one count each of securities fraud and wire fraud, according to his plea agreement filed Friday in Los Angeles federal court.
Bunevacz, who had been taken into federal custody since April 5, is expected to formally enter his plea in the coming weeks. The crimes each carry a penalty of up to 20 years in federal prison….