Jacksonville, FL – US Attorney A. Lee Bentley, III, announced that a federal jury found Rondell Scott Hedrick, 48, of North Carolina, guilty of wire fraud involving a purported high yield international investment program.
Hedrick used the web to advertise his expertise in international gold transactions involving mining operations in Mali, North Africa, and Accra, Ghana as well as refinery operations in Dubai, United Arab Emirates. As part of his sales pitch he told potential investors that he was able to purchase gold at below market prices because he was willing to travel to dangerous locations in Africa. The money he raised was not invested but used for his personal expenses.
Hedrick made the mistake of making this pitch to an FBI informant leading to the situation he finds himself in today.
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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