Jody Flynn Dalvert, of Portland, was found guilty of theft by deception by a cumberland County jury on Novembef 4, 2024. She fraudulently induced five local Maine investors to pay her investment company Icy Gulch Resources more than a million dollars by promising them large returns and partnerships with prominent business and political leaders. Instead, she diverted the funds for her personal use. Sentencing has not yet been set.
“Mainers need to be very careful when approached to invest their savings in ventures that promise large returns or include supposed ‘unique’ opportunities,” said Attorney General Aaron Frey. “Would be investors should consult with trusted professionals, discuss potential invetments with family and thoroughly investigate anyone who approachs them with ‘investment.'”.