ramon toledo busca corp ramon toledo busca corp La Jolla California

Ramon Toledo of Busca Corp is known for having defrauded a number of early stage investors in order to get the business off the ground.

Starting in 2011, the federal court found that busca corp defrauded users, members, and the early investors in the company in order to enrich themselves. The federal court found that the evidence showed that from 2011 to 2013 Ramon Toledo and Busca Corp intentionally committed fraud, wire fraud, and constructive fraud against its paying subscribers in self-dealing, kickback scams, and identity theft. While criminal charges remain pending the class action to regain the ill-gotten gains is awaiting trial in 2014.