AG: Nevada doctor defrauded out of $750K retirement fund by adviser

An investment adviser has been indicted, the Nevada Secretary of State’s Office said, on charges of defrauding a Nevada physician out of $750,000.

Anthony Depasquale III, 44, of Texas, was indicted in September by the Clark County grand jury on charges of securities fraud, investment adviser fraud, theft and forgery, according to a statement from the secretary of state’s office.

Beginning in 2017, Depasquale convinced a woman to invest in a Big Whiskey’s franchised restaurant that, according to the indictment, was to be located in the Town Square shopping center.

The woman invested into the scheme with her $750,000 retirement fund. The secretary of state’s office said the investigation began as a routine exam of licensed advisers and that Depasquale has since lost his license.

Depasquale has pleaded not guilty and is due in court in March.

Victims can report a scam to the securities division of the secretary of state’s office.

Contact David Wilson at dwilson@reviewjournal.com.