Posts Tagged ‘investor’

Former investors sue over fraudulent biodiesel company

by Associated Press Published: February 27,2013

Tags: bench, biodiesel, biofuel, court, energy, fraud, iinvestment, investor, judge, justice, law, legal, sustainable energy

PONTOTOC — Two former investors in a biodiesel operation in north Mississippi have sued a Tennessee partner alleging they were duped into getting involved in a scam that defrauded a federal subsidy program. The Northeast Mississippi Daily Journal reports W. Tommy Tacker II and Janey Tyner, both of Martin, Tenn., are seeking compensatory and punitive […] [...]

Woman sentenced for bilking investors for bogus businesses

by Associated Press Published: January 29,2013

Tags: bench, case, court, crime, criminal, fraud, investing, investment, investor, judge, judicial, judiciary, justice, law, legal, prison, probation, sentence, trial

FAYETTE — A Natchez woman will spend 10 years behind bars for her part in a business scheme that reportedly bilked an investor by never opening the business into which the victim poured their money. The Natchez Democrat reports Emily Sanders was sentenced in Jefferson County Circuit Court to probation for her October conviction on […] [...]

Settlement checks coming, but Hosemann ‘disappointed’ in SEC

ACROSS MISSISSIPPI — The state securities regulators from Alabama, Kentucky, Mississippi, South Carolina and Tennessee are notifying investors entitled to reimbursement from the recent Morgan Keegan settlement that their states’ fund distribution checks will be mailed Nov. 5. A.B. Data, Ltd., as the fund administrator, will be mailing checks to all investors who filed an […] [...]

Hancock Holding launches new investment fund

GULFPORT — Hancock Holding Company has launched the Hancock Horizon Diversified Income Fund as a new addition to the company’s $1.5-billion family of investment funds. The fund seeks to generate steady income from a combination of financial investments. Hancock Horizon Funds senior vice president and chief investment strategist John Portwood, CFA, said, “This will be […] [...]

Lawmakers urging SEC to appeal decision over Stanford victims’ compensation

by MBJ Staff Published: August 3,2012

Tags: compensation, federal government, investing, investor, law, lawmakers, legislative, scam, scheme, senators

WASHINGTON, D.C. — Sen. Thad Cochran (R-Miss.) is supporting a legal appeal to try to overturn a federal court ruling that would deny compensation to victims of the multi-billion fraud perpetrated by the Stanford Financial Group. Cochran is one of 14 senators who have signed a letter encouraging Mary Schapiro, chairwoman of the Securities and […] [...]

Hardy Reed makes magazine’s national ranking of RIAs

TUPELO — Hardy Reed, LLC was recently named a top 50 fastest-growing registered investment advisory firm in the U.S. by FA (Financial Advisor) magazine. Hardy Reed was listed as the nation’s 24th fastest growing RIA. FA’s 2012 RIA ranking is based on voluntary responses from 514 registered investment advisors who completed an online survey. The […] [...]

Chain Electric Co. sold to Texas investor

by Associated Press Published: July 13,2012

Tags: acquisition, electricity, energy, home, investment, investor, merger, power

HATTIESBURG — One of Mississippi’s oldest family owned companies has taken on an investor from outside the state. Bobby L. Chain, chairman of Chain Electric Co., tells the Hattiesburg American his family will remain at the helm of the 57-year-old company based in Hattiesburg. Chain says as a result of the mid-June “recapitalization,” the controlling […] [...]

BancorpSouth, shareholders ask judge to approve settlement

TUPELO — BancorpSouth Inc. and a group of shareholders have asked a federal judge in Tennessee to approve a settlement of a 2010 lawsuit. The Northeast Mississippi Daily Journal reports the proposal was filed recently in U.S. District Court of Middle Tennessee in Nashville after “arm’s-length negotiations” between mediators for both parties. The lawsuit was […] [...]

Stanford faces sentencing for $7B-plus ponzi scheme

by Associated Press Published: June 14,2012

Tags: bilk, investing, investment, investor, ponzi scheme, scam, scheme, sentencing, stealing, theft

HOUSTON, Texas — If federal prosecutors have their way, former jet-setting Texas tycoon R. Allen Stanford could receive a prison sentence that spans two centuries for bilking investors out of more than $7 billion over two decades in one of the largest ponzi schemes in U.S. history. Calling Stanford a “ruthless predator” who stole from […] [...]

Board approves MSU to enter commercial paper market

STARKVILLE — Higher education officials will allow Mississippi State University to enter the “commercial paper” market to obtain $50 million for future construction projects. The state College Board approved Mississippi State’s request yesterday. The commercial paper market is short-term IOUs that companies sell to meet cash-flow needs. Issuing commercial paper is a way for companies […] [...]

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