Denver - February 1, 2024 ー Colorado Securities Commissioner Tung Chan filed a complaint against Joseph G. Holder Jr. of Denver, based on allegations of a romance scam to defraud women he met through dating apps and at gyms. Allegedly, Holder worked to gain the women’s trust and then induced them to invest in a fabricated medical-related project.
The complaint states that Holder told the women that the payout would be seven to 10 times greater than the initial investment. He allegedly perpetrated a calculated scheme of fake screenshots, statements of his lavish lifestyle and false promises to lure the women in.
The scheme also allegedly included text messages from fabricated associates that lauded Holder’s trustworthiness. Additionally, the complaint states that Holder never invested any of the $120,000 he raised between 2019 and 2023. Instead, he used the money for personal expenses.
The complaint further alleges that Holder is actively trying to stop investors from working with the Division in its investigation and may still be soliciting new investors.
"With romance and relationships celebrated as Valentine's Day approaches, this is an example of the misuse of those bonds. We allege Holder took advantage of these women to enrich himself," Commissioner Chan said. “If this has happened to you, please contact us and help us stop this from happening to other women.”
If you or someone you know has invested with Joseph G. Holder Jr., please contact the Colorado Division of Securities at DORA_securitieswebsite@state.co.us or 303-894-2320.
Access the complaint here.
Visit securities.colorado.gov for more information and learn how to protect your investments here.