The founder of Pinocchios Incredible Italian restaurant in Greeley stands accused of embezzling more than $3 million from at least two dozen investors from 2018 to 2021. 61 year old Annie Vick, also known as Annie Velazquez or Annie Margaret, was arrested earlier this month on suspicion of 10 counts of securities fraud. The Greeley Tribune reports Vick allegedly solicited the investments — though she was not licensed to sell securities — without disclosing the risks involved or the losses she incurred, according to the affidavit. She also used part of the investments she solicited to repay prior investors, as well as to cover restaurant expenses, credit card payments and for personal use.
Pinocchios Incredible Italian founder arrested on suspicion of securities fraud