The Denver District Attorney's Office release about an indictment naming Xavier Joseph Duran is brief and fairly colorless. But the references to multiple counts of securities fraud and series theft are accompanied by an aside about a victim whose husband was a police officer killed in the line of duty five years ago.
Turns out that person was Kelly Young, wife of the late Donnie Young. And as the nine-count indictment against Duran alleges, she lost an astonishing $776,700 -- $794,000 in, only $17,300 out.
To read the entire indictment, click here. But below, find graphics laying out Young's losses, as well as the basics from the DA's office:
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DENVER GRAND JURY INDICTS MAN IN INVESTMENT SCHEME
A Denver Grand Jury has returned a 9-count indictment against a man accused of theft and securities fraud. The indictment was handed down in March, and was unsealed yesterday after the defendant was taken into custody. The indictment is the result of an investigation by the Colorado Division of Securities.
Xavier Joseph Duran (dob: 06-18-66) is charged by indictment with violating the Colorado Organized Crime Control Act (COCCA) (F2), four counts of securities fraud (F3), three counts of theft-series (F3) and one count of theft (F3).
The indictment alleges that over the last several years, Duran, portraying himself as a securities investment advisor, stole more than a million dollars from 3 primary victims. The victims include a widow whose police-officer husband was killed in the line of duty in May 2005.
Duran remains in custody in Addison, Texas where he was arrested yesterday. Extradition proceedings are pending.