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

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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

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