Friday, August 17, 2012

SEC Stops $15 Million Investment Scam

The Securities and Exchange Commission (SEC) announced
fraud charges and an emergency asset freeze against a Denver-based
company and two Colorado residents for allegedly carrying out a $15.7
million Ponzi scheme that dragged in more than 120 investors nationwide. The SEC alleges that Michael J. Turnock and William P. Sullivan II
sold promissory notes to investors with the promise of annual

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