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...in the News
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Currencies trader sentenced to 24 years for fraudCHATTANOOGA, Tenn. — Luis Hiram Rivas, 56, who cheated investors in more than 20 states to support a lavish lifestyle and buy presents for a girlfriend, has been sentenced to 24 years in prison. Indictments accuse him of running a Ponzi scheme.
- The Associated Press - 11/20/2009
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Tennessee con man gets 24 yearsLuis Hiram Rivas, a former currency trader, founded the Forex Project and headquartered it in Chattanooga, Tenn. He expanded operations by opening "trading centers" in Knoxville, Tenn., Spartanburg, Panama City, Fla., and Tulsa, Okla.
- Spartanburg Herald-Jounal - 11/20/2009
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Louisiana man arrested in alleged Ponzi schemeAMITE, La. — William J. Chaucer Jr., 60, was arrested Thursday on charges he engaged in a Ponzi scheme that cost at least 200 investors more than $11 million, money he allegedly used to finance a lavish lifestyle. [Chaucer Holding Company]
- The Associated Press - 11/20/2009
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SEC accuses 4 people in alleged Ponzi schemeThe SEC alleges that Wayde McKelvy and Donna McKelvy used their Centennial, Colo.-based company Speed of Wealth to find investors for Mantria Corp.
- Philadelphia Daily News - 11/20/2009
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7 charged in alleged securities and mortgage scamRIVERSIDE, Calif.—Prosecutors have charged seven people in an alleged securities scam that cheated dozens of people out of $17 million. James Duncan, 'the Cash King,' and Hendrix Montecastro each face 249 counts, including grand theft.
- San Jose Mercury News - 11/20/2009
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Hebrew Boys case going to juryAccused of 58 charges of federal mail fraud, check fraud and money laundering are Joseph Brunson, Timothy McQueen and Tony Pough. If convicted, the combined counts could add up to hundreds of years in jail.
- The State, SC - 11/20/2009
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McKesson ex-chairman convicted of securities fraudSAN FRANCISCO -- A federal jury found Charles McCall, 65, guilty of four counts of securities fraud and one count of circumventing internal accounting controls at a public company, the Department of Justice said.
- Reuters - 11/20/2009
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<< Search >> |
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Recent Enforcement Actions |
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Accelerated Benefits Corp. and Romine, William W. (Bill) and American Financial Associates |
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Amended Notice of Hearing [Hearing 12/3/09 @ 9:00 a.m.]
Filed: 11/19/2009
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Barren Resources, Inc. and Hogan, Gary Byron and Moore, William L. |
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Final Order to Cease and Desist
Filed: 11/18/2009
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Oklahoma Securities Commission Cautions Investors Against Making Uninformed, Sudden Decisions Amid Wall Street Crisis |
Oklahoma City///
- Irving Faught, Oklahoma Securities Commission Administrator, reminded investors about the important safeguards
protecting their brokerage account assets.
Press Release
- 09/26/2008
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Test Your Knowledge... |
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In which situation are you taking the least amount of risk? |
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Buying a Certificate of Deposit (CD), in United States, or a Guaranteed Investment Certificate (GIC), in Canada, from a bank |
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Investing with someone you know through your church or community association |
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Investing offshore |
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Investing with someone who contacted you by phone |
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Quest Resource Corp./Jerry Cash |
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