Archive for the ‘Arizona’ Category

Alleged Arizona Fraud Targeting Christians and Military Personnel

Monday, March 3rd, 2008

The Securities and Exchange Commission (SEC) has charged James B. Duncan, Hendrix M. Montecastro and Maurice E. McLeod with defrauding almost $10 million out of hundreds of investors, including more than 100 personnel at a Tucson area Air Force Base.  As with many scams, the alleged scheme in this case-Pacific Wealth LLC- fished for victims in Christian ponds, referring to  “God’s will” in sales presentations to the Christian Faith Center in Tucson.  The trio even convinced one pastor to endorse the program.  (more…)