MARYSVILLE — A former Marysville business owner is facing felony charges connected to an investment scam that police allege bilked more than a dozen people out of $600,000.
Snohomish County prosecutors this week filed charges against Stephen Kent Brombach. Brombach, 55, is accused of lying to clients about how he was using their money between 2000 and 2007 while he was running Integrity Group Insurance and Financial Services in Marysville.
Prosecutors allege that Brombach took money from people and told them he was investing the money in a real estate investment fund. Instead, Brombach was using the money to pay his bills and paying off other investors, Snohomish County deputy prosecutor Randy Yates wrote in court papers.
People invested their retirement savings and money intended for a down payments on houses and cars, Yates wrote.
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