FRAUD OFFLINE FRAUDSTER CHARGED

Updated: 08/29/2008 00:00
Reprints/Permissions  Hyip Monitor
The Securities and Exchange Commission today charged a Colorado Springs resident with fraud for touting potentially astronomical returns to investors

The Securities and Exchange Commission today charged a Colorado Springs resident with fraud for touting potentially astronomical returns to investors in his oil and gas companies while spending $2.3 million of investor funds to pay for a lavish lifestyle, including the purchase of a custom speedboat, ski vacations, fitness equipment, and jewelry.


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