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North Carolina Securities Regulators Announce Sentencing of Securities Fraudsters

North Carolina Securities Regulators Announce Sentencing of Securities Fraudsters

North Carolina Securities Regulators Announce Sentencing of Securities Fraudsters 150 150 Rex Securities Law

June 2015-NC Securities Division

The North Carolina Securities Division‘s June 2015 Newsletter announced the sentencing of the following individuals for securities related violations:

  • Michael Anthony Jenkins pleaded guilty to three counts of felony securities fraud and one count of felony obtaining property by false pretenses. His offenses included defrauding over 435 victims of 1.8 million though his company Harbor Light Asset Management. His victims believed they were trading commodity futures. Jenkins faces a minimum sentence of nine years eight months up to over 13 years.
  • Operation Wax House was a mortgage and investment fraud scheme that operated in Mecklenburg and Union Counties from 2005-2012. –James Tyson, Jr., of Charlotte was sentence tho 30 years. Carrie Tyson, 61, of Winterville, N.Carolina was sentenced to 18 years. Victoria Hunt, 36, of Rockville, Maryland was sentenced to 8 years and Vonetta Tyson Barnes, 41, Mililani, Hawaii was sentenced to 30 days. Toby Hunter, 39, of Fort Mill, South Carolina was sentenced to 108 months for his role as chief investment officer of Operation Wax House.

More details can be found in the June 2015 Newsletter which can be accessed here.

Rex Securities Law , with offices in Boca Raton, FL,  and  Austin, TX,   provides representation to  investors  nationwide who are seeking recovery of investment losses due to the negligence or fraud of stockbrokers and broker dealers. If you have questions about how your account has been handled, call to speak with an experienced securities attorney.

Most cases handled on a contingent fee basis meaning that you do not pay legal fees unless we are successful.

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