Los Angeles: The Los Angeles Police Department’s Commercial Crimes Division announces the arrest of a Grand Theft suspect.
On Tuesday, May 18, 2021, around 11:40 a.m., LAPD Commercial Crimes detectives arrested Shehzad Peermahomed on a Felony Arrest Warrant for Grand Theft.
Peermahomed reportedly stole money from nine victims, most of which were senior citizens. Peermahomed misled the victims to believe they were investing in real estate from which they were to receive monthly interest income. The victims used their retirement savings to invest in this Ponzi scheme with a reported loss is of $2,852,000.
The Los Angeles District Attorney’s Office filed 25 felony counts against Shehzad Peermahomed:
• 8 Counts of Grand Theft – 487(a) PC
• 8 counts of Sales of Securities Without Qualification – Corporations Code Section 25110/25540(a),
• 8 Counts of Using False Statements in Sale of a Security, Corporations Code Section 25401/25540(b) and
• 1 Count of Using a Device, Scheme, or Artifice to Defraud – Corporation code Section 25541
Thus far nine victims have been identified. Investigators believe there are additional victims and is requesting the public’s help.
Shehzad Peermahomed, 50, a resident of Woodlands Hills was booked for the above charges with a $810,000 bail.
Anyone with information is asked to please contact Detective Tyrone Jones, Commercial Crimes Division, at (213) 486-6630 or e-mail him at email@example.com. During non-business hours, or on weekends, calls should be directed to 1-877-LAPD-24-7 (1-877-527-3247). Anyone wishing to remain anonymous should call the L.A. Regional Crime Stoppers at 1-800-222-TIPS (800-222-8477) or go directly to www.lacrimestoppers.org. Tipsters may also visit www.lapdonline.org, and click on "Anonymous Web Tips" under the Get Involved-Crime Stoppers" menu to submit an online tip. Lastly, tipsters may also download the "P3 Tips" mobile application and select the L.A. Regional Crime Stoppers as their local program.