Former Marin lawyer pleads guilty to $2.5 million investor fraud

A former lawyer from Marin County has pleaded guilty to defrauding investors out of more than $2.5 million.

James Seltzer, 67, of Belvedere, who specialized in securities law, admitted victimizing more than 10 investors between October 2007 and May 2011.

In his plea agreement, he said he told his victims he would use their funds to invest in securities, but actually put much of the money in his bank accounts and used it for personal and business expenses.

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