Tag: Lauren Baumann

A federal judge has sentenced a promoter of Christian rock concerts to nearly five years in prsion in a wire fraud scheme that bilked nearly $1 million from investors.

Lauren Baumann, 43, of Downey, California, was the owner of Stewardship Estates, LLC, which collected nearly $1 million in loans, promising investors that the money would be used to host Christian rock concerts.

The owner and operator of a Downey, California, firm has pleaded guilty to wire fraud in a Ponzi scheme that collected nearly $1 million from victims who were falsely promised that their money would be used to host Christian rock concerts.

The charge of wire fraud carries a statutory maximum penalty of 20 years in federal prison.