September 29, 2014

SEC: Insurance agents lured elderly investors to Longmont scheme

The SEC is seeking sanctions and financial penalties against four insurance agents who allegedly steered dozens of elderly investors to an investment scheme that promised safe returns but spent their money on mortgage payments and commissions.

 

http://www.denverpost.com/business/ci_26612749/sec-seeks-sanctions-penalties-agents-involved-alleged-fraud

SPONSORED CONTENT

Centerra: inspired by a love of Loveland

In Northern Colorado, most people know Centerra as a place to shop, grab a bite or go to a movie. It’s also a favorite location for corporate offices. And it has gained recognition as the region’s top-selling new-home community.

The SEC is seeking sanctions and financial penalties against four insurance agents who allegedly steered dozens of elderly investors to an investment scheme that promised safe returns but spent their money on mortgage payments and commissions.

 

http://www.denverpost.com/business/ci_26612749/sec-seeks-sanctions-penalties-agents-involved-alleged-fraud

Categories:
Sign up for BizWest Daily Alerts