SACRAMENTO, California — Keinyatey Deboros Chambers, a 49-year-old from Sacramento, is set to appear in court after being indicted on 10 counts of wire fraud related to an investment scheme.
Chambers allegedly misled victims between December 2017 and March 2026 by claiming involvement in the cannabis industry, promising high returns on investments, according to court documents. He met victims at various locations across California, including casinos, bars, and restaurants, and falsely assured them of substantial returns within days or weeks. However, Chambers was not involved in the legitimate cannabis industry and instead used the funds for personal expenses, gambling, and payments to associates, stated the U.S. Attorney Eric Grant.
The scheme reportedly netted Chambers over half a million dollars, and he pressured victims to invest more money and recruit additional investors. The Federal Bureau of Investigation and the California Department of Justice’s Bureau of Gambling Control conducted the investigation, with Assistant U.S. Attorney Jessica Delaney prosecuting the case…