Tag: Illinois Securities Department

Illinois Man Faces Up To 5 Years In Federal Prison After Pleading Guilty To Selling Unregistered Securities Via Mail/Email; Case Brought By Postal Inspectors, IRS, State

An Illinois man hawking a Yukon gold-mining venture via postal mail and email has pleaded guilty to selling unregistered securities, federal prosecutors said. Jeremiah D. Jacob, 32, of Columbia, faces up to five years in federal prison, a fine of $10,000 and three years’ supervised release, the office of U.S. Attorney Stephen R. Wigginton of…

Mar 26, 2012
KABOOM! Affidavit In Pathway To Prosperity Case Paints Picture Of Wanton Criminality; Complaint References TalkGold, ASAMonitor, MoneyMakerGroup Posts; United States Throws Down Gauntlet

Federal prosecutors serving under U.S. Attorney A. Courtney Cox of the Southern District of Illinois have thrown down the gauntlet, declaring that “[a] large percentage, if not all, HYIPs, are Ponzi schemes.” In a criminal complaint and accompanying affidavit that only can be described as remarkable, prosecutors and the U.S. Postal Inspection Service said the…

May 31, 2010

Illinois Man Faces Up To 5 Years In Federal Prison After Pleading Guilty To Selling Unregistered Securities Via Mail/Email; Case Brought By Postal Inspectors, IRS, State