Securities

November 5, 2007 -- Lee Cash and Joey O’Kelly pled guilty today to charges arising out of a Ponzi scheme operated by the two men that focused on defrauding elderly individuals who thought they were purchasing insurance policies and securities. The two men entered guilty pleas before Judge Horace Johnson today in Walton Superior Court after charges were brought by Attorney General Thurbert Baker and Alcovy District Attorney Ken Wynne.    » read more »

BALTIMORE, MD (September 24, 2007) - Maryland Attorney General Douglas F. Gansler announced today that the Securities Division of his Office has ordered Ardin Logistics, LLC, and three of its principals to cease and desist from further engaging in investment-related activities – an alleged ponzi scheme that has attracted investors from both within and outside of Maryland.    » read more »

OFIS warns consumers to be on the lookout for sellers of fraudulent securities

September 18, 2007 -- LANSING – Michigan Office of Financial and Insurance Services (OFIS) Commissioner Linda A. Watters is warning consumers about an investment fraud that may be targeted at Michigan residents.    » read more »

September 18, 2007 -- Reno, NV — Nevada Attorney General Catherine Cortez Masto announced today the guilty plea in Washoe County District Court of Robert Mendoza to securities fraud for making an untrue statement or failure to disclose a material fact related to the sale of securities. Conviction for such a crime carries a potential penalty of imprisonment from 1 to 10 years in Nevada State Prison and/or a fine of not more than $500,000, and payment of restitution. Sentencing is set for November 14, 2007.    » read more »

FRANKFORT, Ky. (Aug. 21, 2007) – Jupiter Energy LLC and its operators are now permanently barred from doing business in Kentucky unless they disclose their negative legal history in writing to potential customers.

The Kentucky Office of Financial Institutions (OFI) obtained a temporary restraining order against the company last year, which has now been made permanent by the Franklin Circuit Court.    » read more »

Charged with Securities Violations and Investment Fraud

BALTIMORE, MD (August 15, 2007) - Maryland Attorney General Douglas F. Gansler announced today that the Securities Division of his office has issued a Summary Order to Cease and Desist against POS Dream Home, LLC, Metropolitan Grapevine, LLC, CEO Andrew H. Williams, and agent Laveda Whitfield, and their officers and directors, all operating out of Laurel, Maryland.    » read more »

August 10, 2007 -- LAS VEGAS -- Nevada Attorney General Catherine Cortez Masto announced today that Carlos Reyes-Roman has pled guilty to one count of Conspiracy to Sell Unregistered Securities in a securities fraud scam targeting primarily Hispanic citizens throughout the Las Vegas area. Reyes-Roman was originally charged with numerous counts of Securities Fraud, Sale of Unregistered Securities and Unlicensed Sale of Securities.    » read more »

BALTIMORE, MD (July 12, 2007) - Maryland Attorney General Douglas F. Gansler announced today that under the terms of a settlement between the Securities Commissioner and Wachovia Capital Markets, LLC of Charlotte, North Carolina, Wachovia will pay Maryland $326,480 in civil monetary penalties for failing to supervise its employees in connection with potential conflicts of interest, and $26,934 in penalties for failing to preserve books, records, and e-mail. An additional $48,972 will be available for investor education projects designated by the Maryland Securities Commissioner.    » read more »