O.C. Man Charged in Alleged $1.8M Investment Fraud Scheme

O.C. Man Charged in $1.8M Investment Fraud Scheme: Amadou Kane Diallo, a businessman in Orange County, has been arrested for wire fraud and money laundering, using investors' money for personal expenses. Read more about the case and potential penalties.

In a recent development, an Orange County-based businessman named Amadou Kane Diallo has been charged in an alleged investment fraud scheme that amounts to $1.8 million. Diallo, who claimed to be a wealthy entrepreneur and even boasted about being one of the richest men in Africa, was arrested by FBI special agents for soliciting investments under false pretenses. He is accused of using the investors’ money to fund his lavish lifestyle, which included luxury vehicles, high-end clothing, and extravagant events. Diallo faces charges of wire fraud and money laundering, with a potential maximum penalty of 20 years in federal prison for each wire fraud count.


This article provides an overview of the case involving Amadou Kane Diallo, an Orange County businessman who has been charged with an alleged $1.8 million investment fraud scheme. The article discusses the background of the case, including Diallo’s arrest and indictment, as well as the alleged scheme and victims involved. The article also explores Diallo’s false representations and the misuse of investor funds, as well as the assets seized by authorities. The charges against Diallo and potential penalties are detailed, along with a discussion of the presumption of innocence. The article concludes by summarizing the key points of the case.


Amadou Kane Diallo, a Senegalese national living in Laguna Niguel, is at the center of an alleged investment fraud scheme. Diallo, who portrayed himself as a wealthy and successful entrepreneur, was arrested on federal charges related to his solicitation of investments under false pretenses. This article provides a comprehensive overview of the case, aiming to shed light on the details of Diallo’s alleged fraudulent activities and the impact on the victims involved.

Arrest and Indictment

Diallo was arrested at his residence in Laguna Niguel by FBI special agents. Following his arrest, he was expected to be arraigned on a 21-count indictment in United States District Court in Santa Ana. The federal grand jury indictment, which was unsealed on the day of Diallo’s arrest, outlines the charges against him and provides detailed information about the alleged investment fraud scheme. The charges include wire fraud and money laundering, carrying significant penalties if Diallo is convicted.

Alleged Scheme and Victims

According to the indictment, Diallo fraudulently obtained over $1.8 million from at least 11 victims. These individuals believed that their investments would enable them to benefit from Diallo’s supposed business successes, with little to no risk involved. Diallo, who was the CEO of two Newport Beach-based companies – Virtual Advisors LLC and Liquide, Inc. – allegedly used these companies to solicit investments in various business opportunities. The indictment alleges that Diallo made false representations to potential investors, including claiming that he had raised hundreds of millions of dollars for another investment firm, a claim that was found to be untrue.

Diallo’s False Representations

One of the central aspects of Diallo’s alleged fraud scheme was his false representations to potential investors. He reportedly portrayed himself as a highly successful entrepreneur, even bragging that he was one of the richest men in Africa. Diallo made various false claims, including his ability to raise significant funds for investments and his success in previous ventures. These misrepresentations played a crucial role in convincing victims to invest their money with him.

Misuse of Investor Funds

Rather than using the investment funds for the intended business opportunities, Diallo is accused of using the majority of the funds to support his extravagant lifestyle. The indictment alleges that Diallo used the funds for personal expenses, including rent payments, luxury vehicles, clothing, fancy dinners, and lavish events for foreign government officials. This misuse of investor funds is a significant aspect of the charges against Diallo and highlights the serious nature of the alleged fraud scheme.

Assets Seized by Authorities

In conjunction with Diallo’s arrest, authorities seized several items linked to the alleged fraudulent conduct. The seized assets included three luxury vehicles, a Ferrari SF90 Stradale, a Rolls-Royce Phantom, and a Range Rover, which were valued at a significant amount. Additionally, a Harry Winston ring worth approximately $12,500 and a brokerage account containing around $500,000 worth of stocks were seized. These assets are expected to be held by authorities pending the outcome of the case.

Charges and Potential Penalties

Diallo faces multiple charges related to the investment fraud scheme. The indictment includes 19 counts of wire fraud and two counts of money laundering. If convicted, Diallo could face a maximum penalty of 20 years in federal prison for each wire fraud count and a maximum penalty of 10 years in prison for each money laundering count. The severity of these charges underscores the seriousness of the alleged scheme and the potential impact on the victims.

Presumption of Innocence

It is essential to note that an indictment is merely an allegation, and Diallo is presumed innocent until proven guilty beyond a reasonable doubt in a court of law. The legal system operates on the principle of the presumption of innocence, ensuring that every defendant is given a fair trial and the opportunity to defend themselves against the charges they face. Diallo will have the chance to present his defense and challenge the allegations against him throughout the legal process.


The case involving Amadou Kane Diallo and the alleged $1.8 million investment fraud scheme is a stark reminder of the importance of due diligence when it comes to investing. The allegations against Diallo highlight the potential risks associated with fraudulent investment schemes and the need for investors to exercise caution when considering investment opportunities. As the legal process unfolds, it remains to be seen how the case will be resolved and what the potential impacts will be for both Diallo and the victims involved. The presumption of innocence ensures that Diallo will have the opportunity to present his side of the story and refute the allegations against him.