United States Attorney Cole Finegan | U.S. Department of Justice
Ian Gregory Bell, a 35-year-old resident of Denver, Colorado, has been indicted by a federal grand jury on multiple charges related to an alleged investment fraud scheme. The United States Attorney’s Office for the District of Colorado announced that Bell faces eight counts of wire fraud, five counts of mail fraud, and five counts of money laundering.
The indictment claims that from early 2020 through March 2023, Bell orchestrated a plan to deceive investors and acquire funds through false representations. It is reported that he collected over $1 million from more than twenty clients by promising substantial returns with minimal risk. However, the indictment alleges that he misused or lost the funds shortly after obtaining them. Furthermore, Bell is accused of sending falsified screenshots showing non-existent gains and continuously seeking additional investments under false pretenses.
Bell appeared before U.S. Magistrate Judge Michael E. Hegarty following his indictment. It is important to note that these charges are allegations; Bell remains presumed innocent until proven guilty in court.
The investigation into this case was conducted by the United States Postal Inspection Service and the Internal Revenue Service. Additionally, there was a parallel investigation by the U.S. Securities and Exchange Commission's Denver Regional Office. Assistant United States Attorney Rebecca Weber is leading the prosecution.
Case Number: 1:24-cr-00345-PAB-1