Crime & Safety

Fremont Woman Indicted on $1 Million Fraud Charges

Rosemarie Gan, 49, is believed to have duped investors in a wire fraud scheme.

A federal grand jury has charged a Fremont woman with committing multiple acts of fraud totaling more than $1 million.

Rosemarie Gan, 49, was indicted March 13 on five counts of wire fraud. She is alleged to have stolen $1 million from various individuals who thought they were investing in Gan’s company, Argee’s Travel and Gifts, according to an FBI press release.

The investors expected their money to go toward the purchase of airplane tickets, which would then entitle them to commission payments after the tickets were sold.

Find out what's happening in Fremontwith free, real-time updates from Patch.

Instead, prosecutors said Gan stole the investors’ funds to pay delinquent investor commission payments and for her own personal living expenses, prosecutors said.

Gan appeared in federal court in San Jose on Monday and was taken into custody pending a detention hearing scheduled for Thursday morning.

Find out what's happening in Fremontwith free, real-time updates from Patch.

Gan faces up to 20 years in prison and a $250,000 fine for each count of fraud if convicted, prosecutors said..

 


Get more local news delivered straight to your inbox. Sign up for free Patch newsletters and alerts.

We’ve removed the ability to reply as we work to make improvements. Learn more here

To request removal of your name from an arrest report, submit these required items to arrestreports@patch.com.