Local News in Brief : Accused in $12-Million Fraud Pleads Innocent
David Wiksell, 47, of Van Nuys pleaded not guilty Monday in Los Angeles Municipal Court to charges that he helped bilk more than 500 investors out of $5 million through a now-defunct San Fernando Valley investment firm.
Wiksell, who is being held on $5 million bail, is charged by the Los Angeles County district attorney’s office with three counts of violating corporate securities laws as a vice president of Comstock Financial Services of Universal City. A preliminary hearing is scheduled Feb. 20 in Los Angeles Superior Court.
Last Friday, Roy L. Comstock, 47, Comstock Financial’s former chairman, pleaded not guilty to charges in the case.
More to Read
Sign up for Essential California
The most important California stories and recommendations in your inbox every morning.
You may occasionally receive promotional content from the Los Angeles Times.
