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Man arrested for selling fraudulent Warriors stock

‘The Associated Press
Saturday January 27, 2001

SAN FRANCISCO – A man has been accused of taking $200,000 from his nephew after selling part of the Golden State Warriors that he didn’t own. 

Roger Steven Miller, 56, of Menlo Park, was indicted Thursday on eight counts of mail fraud by the U.S. Attorney’s office here. 

Miller allegedly told Jay Frye, an Indiana man, that he was seeking investors to buy the Warriors, and collected $250,000 from him for the deal. 

Prosecutors allege that to repay Frye, Miller took more than $200,000 of American Building Maintenance Industries stock from his nephew, Scott Ladenheim, in Oct. 1998. Miller forged Ladenheim’s signature to transfer the stock to his Prudential account, an indictment said. He then sold the shares and used $175,000 of the funds to pay his debt to Frye. 

For each violation in the Ladenheim case, Miller faces a maximum of five years in prison and a fine of $250,000, plus restitution. He has been released on bail and is scheduled to appear in court on Feb. 2.