Prosecutors say a Los Angeles TV news anchor has been indicted by a San Bernardino County grand jury in connection with an allegedly fraudulent investment scheme. Larry Carroll, 48, of KCBS-TV is charged, along with two other men, with seven felony counts, including conspiracy to commit grand theft and six securities charges. Sheriff’s investigators say Carroll solicited a local businessman to invest $2 million in the scheme, introduced the businessman to his two associates and “produced contractual material and made verbal representations” that violated securities laws. The indictments were handed down last week following a three-month investigation and were announced Tuesday. Search warrants were served last week at Carroll’s home and office.

  • In a statement, KCBS said, “Larry Carroll has been a valued member of the KCBS-TV news department for four years. We are all concerned about the nature of the allegations that have been leveled at him. Quite understandably, Larry has chosen to take some time off from his duties at the station to devote his full energies to responding to these charges.”
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