North Carolina Securities Regulators Latest Enforcement News September 2022

North Carolina Securities Regulators Latest Enforcement News September 2022 150 150 Rex Securities Law

Securities Enforcement Actions 

Securities Division- North Carolina Secretary of State


Raleigh, North Carolina-September 11, 2022

Founders of Fake “Hedge Fund” Plead Guilty to $4 Million Ponzi Scheme– Charlotte, N. Carolina- Austin D. Page, 26, of Grover, N.C. pleaded guilty to wire fraud and Brandon Alexander Teague, 26 of Belmont N.C> pleaded guilty to securities fraud. According the US Attorney Office Press Release, Page and Teague engaged in an investment scheme that defrauded hundreds of victims who thought they were investing in a hedge fund in Kings Mountain, N.C. , D & T Investment Group. D&T was not a hedge fund, and did not hold any securities licenses Page and Teague were not licensed to sell securities and did not have a background associated with the sale of securities. A sentencing date has not been set yet. 4/27/2022.

Cornelius, North Carolina Residents Face Federal Charges Over Multi-Million Dollar Investment Scheme– A Department of Justice Press Release reports that Cornelius residents Marlin Hershey and Dana Bradley, both 52, have been charged with wire  fraud conspiracy, mail fraud, securities fraud and money laundering conspiracy. The indictment lists the following entities which were promoted by Hershey and Bradley: Performance Retire on Rentals LLC, Distressed Lending Fund LCC, Moteng Funding LLC and Southeast Lot Acquisitions LLC. 4/22/2022


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.

Nationwide Representation

Rex Securities Law

TollFree: 877-224-3199

Florida-561 391 1900 


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