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FOR IMMEDIATE RELEASE CONTACT:
July 12, 2007 Bernie Cummins, Deputy U.S. Marshal
(510) 637-3661
 
Convicted Financial Advisor Apprehended in Joint Effort
 
United States Marshal Federico L. Rocha of the Northern District of California announces the arrest of fugitive Edwin Torres who is wanted on federal warrants of arrest for violations of Title 18 USC Section 3148: Pre-Trial Release Violation; and Title 18 USC Section 401: Contempt of Court. Torres, 48, was arrested yesterday, June 11th, by Deputy U.S. Marshals from the Eastern District of New York (Brooklyn) and officers from the New York Police Department; in Bay Ridge, New York.

On June 22, 2006, Torres was sentenced to a custody term of 90 months by U.S District Court Judge Martin Jenkins after having pled guilty to 7 counts of Wire Fraud and 9 counts of Mail Fraud. At the time of his sentencing, Torres was allowed to remain out of custody on bond until his surrender date; August 8, 2006. Torres failed to surrender on that date. Subsequent warrants of arrest for a Violation of Pre-Trial Release and Contempt of Court were issued.

Torres is currently in U.S. Marshals Service custody pending court appearances on the outstanding warrants.

Torres was a financial advisor and was charged as having received funds in excess of five million dollars from a fraudulent investment scheme involving more than 30 individual victims. Torres is a past president of the Moraga, California Chamber of Commerce and Moraga, California Rotary Club.