Colorado officials recently filed an injunction in Denver court to prevent a Littleton man from continuing to solicit funds from “financially vulnerable” women – mostly single mothers – whom he meets through dating apps and at a local gym.
The Colorado Division of Securities accused 43-year-old Joseph Glen Holder, Jr., of luring a number of women in what it termed a “romance scam” that gained at least $121,000 – almost all of which was spent by Holder personally rather than earning the women seven to 10 times their initial investment promised by Holder, the agency stated in a press release .
Holder was called a “serial predator” in a court document filed Jan. 31 in Denver District Court by Tung Chan, Securities Commissioner for the State of Colorado. The complaint filed by Chan claimed Holder was never legally licensed to sell securities and never informed his romantically targeted clients that his securities were unregistered.
“He targeted financially vulnerable women, many of whom who were single mothers,” the complaint states.