September 24, 2014-Montgomery, Alabama
Houston County District Attorney Douglas Valeska and Joseph Borg, Director of the Alabama Securities Commission announce the arrest of Frederick Mitchell “Mitch” McNab of Dothan, Alabama. McNab was indicted on 31 counts of alleged violations of the Alabama Securities Act according to a press release from WTVY of Dothan.
The release indicates that during the past decade McNab, who was a former Houston County attorney, misappropriated and misused over $10 million raised from local residents who believed their funds were secure in accounts controlled by McNab. He faces multiple criminal charges that could result in punishment from 2 to 20 years.
Rex Securities Law provides nationwide representation to investors 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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