October 19, 2015- Dallas Texas
Mark Lee Cleaton, 34, of Rockwell, Texas, was convicted on felony offenses for running a fraud scheme as managing member of North American Capital, LLC , and through North American Capital Investment Fund.
According to the FBI Press Release, Cleaton solicited $350,000 through the companies promising to invest the money in short term high yield real estate projects but instead used the money for personal expenses and did not invest any of it.
He was convicted on four counts, each one carrying a maximum penalty of 20 years. Sentencing is set for February 4, 2016.
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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