Baton Rouge, LA -- (SBWIRE) -- 07/05/2011 -- A recently resigned Los Angeles police detective, who enticed fellow cops and others to invest millions of dollars with her, has been arrested and charged with theft and securities fraud.

Darcey Greenfield, 39, surrendered Wednesday to investigators from the San Bernardino County district attorney's real estate fraud unit after an arrest warrant was issued late last week, authorities said. Greenfield faces 10 felony charges, including the sale of false investment securities, the sale of securities without a license and grand theft.

Greenfield pleaded not guilty to the charges Thursday, said Vance Welch, the deputy district attorney in charge of the real estate fraud unit. Her bail has been set at just over $1 million and she remains in custody at a detention center in Rancho Cucamonga, he said. Her attorney could not be reached.

The fact that Greenfield was an LAPD cop heightened the importance of the case, Welch added. "We have to show that we are willing to hammer our own, or no one has any faith in the system," he said.

Greenfield and her real estate dealings were the subject of a Times article last year.

Shortly after joining the LAPD in 1994, Greenfield told The Times in an interview last year, she began investing in real estate. Those early purchases and sales of properties were personal deals, but soon evolved into a side business that involved soliciting investments from others. She made grandiose claims, telling investors they would receive double-digit returns within months, according to authorities and documents obtained by the Times.

The charges filed by San Bernardino County prosecutors stem from investments totaling $265,000 that Greenfield collected in 2008 from a husband and wife and another man who lived in that county, according to court filings.

Greenfield is accused of violating state laws that establish the terms under which people can sell securities, such as real estate.

One of the charges alleges that she illegally assured the investors that she would sell a piece of her own property to reimburse them if their deals went sour. Prosecutors also allege that Greenfield lied to the investors when she told them the properties in which she was investing their money were secured by official deeds of trust.

Shaw Capital Management Scam Info: Ex-LAPD detective charged in alleged real estate scam
http://articles.latimes.com/2011/may/13/local/la-me-lapd-scam-arrest-20110513