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NEWS RELEASE


UNITED STATES POSTAL INSPECTION SERVICE
Los Angeles Division

FOR IMMEDIATE RELEASE
March 17, 2011

National Media Hot Line 202-268-3700
ISMediaInquiries@uspis.gov

Contact: Postal Inspector Renee Focht, 626-405-1285 or 626-672-5517 RMFocht@uspis.gov

POSTAL INSPECTORS SEEK HELP IN LOCATING
FATHER AND SON CHARGED WITH $20 MILLION FRAUD

Postal Inspectors are seeking the public’s assistance in locating a father and son wanted on mail fraud charges. Robert Louis Carver, 56, previously of Irvine, and his son, Robert Louis Carver II, 36, formerly of Mission Viejo, were indicted yesterday by a federal grand jury in Santa Ana, CA. The 14-count indictment alleges the men engaged in a scheme that bilked more than 300 investors out of more than $20 million.

According to the indictment, the Carvers operated Brookstone Capital, Brookstone Biotech Ventures II (BBV II), and Lincoln Funds International in Costa Mesa. Brookstone Capital purported to be an investment company specializing in unique investment opportunities. BBV II claimed to offer investments—and significant, long-term capital appreciation—in biotechnology and life sciences industries. The men claimed that Lincoln Funds International was incorporated in 1996 and had offices in cities across the globe—but Postal Inspectors allege the company was incorporated in 2006 and had a single office in Costa Mesa.

Sale agents for the companies solicited investors with various claims and promises, stating that the elder Carver had significant business experience and that investors’ funds would be used to purchase stocks. According to the indictment, the Carvers failed to tell potential investors that the senior Carver had a criminal history and had been sued by California regulators. Additionally, the Carvers allegedly failed to file taxes for the businesses and misappropriated investors’ funds.

An indictment contains allegations that a defendant has committed a crime. Every defendant is presumed to be innocent until and unless proven guilty in court.

Postal Inspectors urge anyone with information as to the whereabouts of Robert Louis Carver or Robert Louis Carver II to call the Postal Inspection Service at 877-876-2455, select option 2, and refer to Case No. 1730332-MF. Callers may remain anonymous.

This investigation was conducted by the U.S. Postal Inspection Service and the Federal Bureau of Investigation. The U.S. Securities and Exchange Commission provided substantial assistance.

For additional information, media may contact Assistant United States Attorney Jennifer Waier at (714) 338-3550.

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