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Former LAPD Officer Charged In Investment Scam

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(credit: CBS)

(credit: CBS)

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SAN BERNARDINO (AP) — A former Los Angeles police officer has been arrested on charges of bilking at least $2 million from several people, including fellow officers, who invested in a real estate scheme.

San Bernardino County prosecutors said Thursday that 39-year-old Darcey Greenfield persuaded an unspecified number of people in San Bernardino County to put their life savings in investment securities. Greenfield allegedly told the victims that the money would be used to help homeowners in foreclosure and promised they would get a high rate of return. Prosecutors said the victims received nothing.

Greenfield is also suspected of collecting more than $3 million from victims in Los Angeles County, including 13 LAPD employees.

Greenfield turned herself in on Wednesday. She’s being held on $1 million bail.

(© Copyright 2011 The Associated Press. All Rights Reserved. This material may not be published, broadcast, rewritten or redistributed.)

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