On Monday, the 53-year-old Irvine resident pled not guilty to charges of investment fraud in an arraignment in a U.S. District Court, just hours after he gave himself up to the FBI.
Davis was telling investors that LifeRight Holdings Inc. would use the funds they provided to help develop and market a product--pill, cream, laxative, an ankle bracelet that prevents entry into McDonalds?--that would combat childhood obesity.
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