November 17, 2014-Lexington, KY
The Lexington Herald-Leader reports that Kenneth Eugene Thomas, 65, has been indicted by a grand jury in Lexington County on charges of theft and fraudulent practices in connection with his company Retire America.
Also indicted were:
- Shannon Kay Hunt
- Phillips J. Ash
- Roy Myers
At least 10 victims have been identified and losses are estimated to be in excess of $3.3 million.
If you lost money as a result of a recommendation by a stockbroker to invest in Retire America, you may be able to recover damages. Call to discuss your rights.
Rex Securities Law , located in Boca Raton, FL, provides representation to investors in Kentucky and 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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