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Anderson Scott Hall Pleads Guilty to Ponzi Scheme

Anderson Scott Hall Pleads Guilty to Ponzi Scheme 150 150 Rex Securities Law
Anderson Scott Hall of Jacksonville, FL , pleaded guilty (12/27/2013)  to four felony counts of operating a sham investment scheme and faces a maximum of 20 years imprisonment for each of the counts. Here is a link to the FBI press release.
Hall, a licensed insurance salesman operated his fraud for more than ten years from 1996-2006, and defrauded more than 50 people out of over $4 million.
Hall incorporated a shell company, Abaco Securities International Ltd. in the Turks and Caicos Islands, British West Indies. There was no company or office, only a post office box in the Turks and Caicos.
Hall solicited his victims by encouraging them to invest their retirement savings in an investment product known as ASI, and promised interest rates exceeding 12%. The invested funds were deposited in one of several banks maintained at SunTrust. The funds were used to pay earlier investors and for Hall’s personal expenses.
According to FINRA records, Hall was registered with the following FINRA member firms:
Axa Advisors, LLC                              1/2007-1/2012
O.N. Equity Sales Company     10/1999-12/2005
New England Securities                        10/1996-9/1997
If you believe you are the victim of securities fraud or negligence, call to discuss your legal rights with an experienced securities attorney.

Rex Securities Law , located in Boca Raton, FL, 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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