Securities fraud

May 13, 2008 -- LANSING – The U.S. Securities and Exchange Commission (SEC) recently announced that with the assistance of the Office of Financial and Insurance Regulation (OFIR), the federal agency obtained an emergency court order freezing the assets of Gregory N. McKnight of Swartz Creek, MI, an alleged perpetrator, of an Internet fraud scheme that reaped approximately $72 million from more than 3,000 investors in all 50 states and at least 30 foreign countries.    » read more »

BALTIMORE, MD (May 8, 2008) - Maryland Attorney General Douglas F. Gansler announced today that Kevin Thomas Forrester, 32, former operator of Forrester Financial Group in Phoenix, pled guilty before the Honorable Robert E. Cahill, Jr. in the Circuit Court for Baltimore County to felony theft and fraudulent securities practices.    » read more »

March 13, 2008 -- BROCKTON – Yesterday, a Hull man was arrested in connection with representing himself as a stockbroker, and stealing money from a neighbor who entrusted him to invest more than $187,000. Jeffrey Gruber, age 44, is charged with Larceny over $250 (five counts) and Securities Fraud. Gruber was arrested by Massachusetts State Troopers assigned to the Massachusetts Attorney General’s Office at his father’s Hull residence.    » read more »

January 9, 2008 -- LAS VEGAS -- Nevada Attorney General Catherine Cortez Masto announced today that District Court Judge Elizabeth Gonzales sentenced Nancy Nash to serve 4 to 10 years in Nevada State prison, with an equal and consecutive term of 4 to 10 years as an elder enhancement penalty, in connection with her plea of guilty to feloniously operating a continuing legal enterprise to sell unregistered securities to elderly victims in Nevada.    » read more »

Dec. 6, 2007 -- Reno — Nevada Attorney General Catherine Cortez Masto announced today the guilty plea in Washoe County District Court of James Yim to securities fraud for making an untrue statement and of 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. The case was investigated by the Secretary of State's Office and referred to the Attorney General’s Office for prosecution.    » read more »

10/24/2007 -- (DENVER) – Colorado Attorney General John W. Suthers and Colorado Securities Commissioner Fred Joseph today announced the indictment of Gene Robert Little in connection with an alleged Ponzi scheme involving millions of dollars in investments from Northern Coloradans. The sixty-two year old Little, a Fort Collins resident, was arrested on 42 counts of securities fraud and one count of theft. The indictment was handed down by a statewide grand jury.    » 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 »