A Denver man has been charged with defrauding investors in a restaurant and wine shop

Richard Motarjeme has been accused of defrauding investors in two Stapleton businesses: The Bistro and The Wine Cellar, The Bottle Shop at Stapleton.

Motarjeme, 51, has been charged with 15 counts of securities fraud, two counts of forgery and two counts of theft, according to a press release from the Denver District Attorney’s Office. He does not own either business.

An indictment handed down last week alleges that he was using investors’ money for his personal expenses and failed to tell them he has a criminal record.

Restaurant investors lost a total of $405,000. Investors in the wine shop lost a combined $75,000.

Motarjeme was released from custody on $20,000 bail and is scheduled to appear in court Oct. 13.

Ashley Dean

Author: Ashley Dean

Ashley Dean covers dining and nightlife, and other odds and ends. She previously covered music and did some copy editing for the Denver Post, the Colorado Daily and the Daily Camera. She's from New York, likes her bourbon straight and has strong opinions about Kanye West. She can be reached at adean@denverite.com, 303-502-2804 or @AshleyDean.