Secretary of State's Office Raids Office of Habitual Securities Violator
Secretary of State Ross Miller says time to put
self-proclaimed investment adviser out of work
(Carson City, NV; August 7, 2009) – Investigators with Secretary of State Ross Miller’s office today raided the West Sahara Avenue office of a Las Vegas man with an 11-year history of securities fraud. Authorities say 53 year-old Peter Charles Bucchieri has continued to act illegally as an investment advisor, even though he had been barred by the federal Securities and Exchange Commission from engaging in any such activity. The SEC acted after Bucchieri pleaded guilty in 1998 to securities fraud charges in New York. He was sentenced to 33 months in prison and ordered to pay $1.7 million in restitution.
Bucchierri resurfaced in Las Vegas where he operated a business called Independent Consulting, L.L.C. using the name Buchiere in order to conceal his criminal past. He was arrested there in October of last year after the Secretary of State and the Attorney General brought new felony charges against him, including charges that he was acting as an unlicensed investment adviser. He pleaded guilty to two counts and in May of this year was given a suspended sentence and probation. The Secretary of State’s office says it has new evidence that he continues to act as an unlicensed investment adviser.
“We won’t rest until this habitual offender’s illegal career is over,” said Secretary of State Ross Miller. “My investigators raided his office this morning because we’re convinced he continues to represent himself as an investment advisor even though he’s not legally licensed and is in fact an admitted law-breaker. He needs to serve some time, and then find another line of work.”
Secretary Miller’s office has served Bucchieri with a notice of intent to permanently bar him from acting as an investment adviser in Nevada. Investigators are asking citizens who are or have been clients of Peter Bucchieri, Peter Buchiere, or Independent Consulting, L.L.C. to call the Secretary of State’s Securities Division at 1-800-758-6440.