securities fraud Tag

Kentucky Fraudster is Sentenced to 10 Years for Investment Fraud

Kentucky Fraudster is Sentenced to 10 Years for Investment Fraud

A judge recently sentenced Kentucky resident, William S. Evans, to 10 years in prison for bilking a group of his friends, clients, and acquaintances out of more than $17 million dollars with fraudulent promises of high investment returns.  Instead of investing his clients’ monies, Evans used these funds to live a lavish lifestyle.  Most of those folks who were defrauded were elderly who took their hard-earned retirement accounts to invest with him based on his false promises of double-digit returns.  The crime spree extended from 2014 through 2020 before the house of cards Evans built came crashing down.  Evans provided...

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Indiana Secretary Of State Issues Advisory To Raise Awareness Of Private Offering Risks

Indiana Secretary Of State Issues Advisory To Raise Awareness Of Private Offering Risks

By WBIW.com The COVID-19 pandemic has caused significant disruption and anxiety to individuals and the financial markets. Because fraudsters often try to capitalize on current issues and problems to promote their scams, Indiana Secretary of State Connie Lawson today issued an investor advisory on exempt securities offerings, also known as “private placements,” in light of the coronavirus pandemic. A private placement is a securities offering that is not required by law to be registered with federal or state securities regulators. Private placements allow companies to sell stocks, bonds, or other securities to investors without completing the rigorous disclosures necessary in a registered...

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