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…)

AZ Cops Get a Break in Case Targeting Christians

Wednesday, December 12th, 2007

Regular readers of Investor’s Watchblog are familiar with the term “affinity fraud.”  Arizona prosecutors have been pursuing a big one for two years now, and yesterday got a break in the case. (more…)

Arizona Case Highlights Tenacity of Scam Artists

Wednesday, December 12th, 2007

The Arizona Securities Commissioner has obtained a judgment against a Gilbert, Arizona man, Leonard Clark Rhodes, Jr. for fraudulently selling unregistered investment programs  According to the Commission, Rhodes offered and sold two different investment programs—Semper Libera and the Universal Lease— to at least four Arizona senior citizens, two of whom were over 80 years old. (more…)




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