Plea deal reached in $4 million investment fraud case

PROVIDENCE, R.I. (WJAR) — The owner of a Providence-based investment company has reached a plea deal with federal prosecutors, who accuse him of defrauding investors of nearly $4 million to fund his luxury lifestyle.

Christopher Aubin operated Anchor State Capital, Anchor State Investments, and Anchor State Properties.

Prosecutors write in Aubin’s indictment that he “used investors’ money to make payments to earlier investors and to pay the personal expenses of himself and his girlfriend, including lavish meals, luxury travel, and vehicles.”…

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