Daily Outrage: SoCal schemer defrauded elderly 

WHO: Jeffrey Gordon Butler

WHAT: So many elderly victims who lost their life savings to Butler, 51, want to say their piece in court that sentencing is expected to last all week and possibly longer. The San Juan Capistrano fraudster was convicted on 693 felony counts of illegal sale of unqualified promissory notes or stocks and filing false tax returns on the profits.

HOW: Butler sold more than 300 promissory notes or stocks in offshore shell corporations. He met victims while operating a company helping senior citizens create estate-planning documents for a fee. His eight-month jury trial featured testimony from 141 victims, most older than 65, and 58 witnesses died before the verdict.

WHAT’S NEXT: Butler’s maximum sentence could be more than 300 years in state prison. His wife and accomplice, Peggy Butler, 49, was convicted on four felony counts of filing false tax returns, with a maximum sentence of 10 years.

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Staff Report

Staff Report

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A daily newspaper covering San Francisco, San Mateo County and serving Alameda, Marin and Santa Clara counties.
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