Brothers to be tried together

A Carlsbad court has ordered the consolidation of cases against two brothers.

Authorities suspect Juan and Manuel Saiz of selling shares in a fake company to an elderly couple.

The Regulation and Licensing Department believes the couple handed over $15,000 to the brothers’ company four years ago.

Juan Saiz used to work as assistant superintendent in Artesia’s school district.

The criminal complaint alleges he may have illegally sold these securities out of his district office.