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Tag Archives: investing

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 ranking was based on assets ...

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Molpus Woodlands, Boston firm purchase nearly 2M acres in four states

JACKSON — The Hancock Timber Resource Group of Boston and Jackson-based Molpus Woodlands Group have purchased the 1.88 million acre timberland portfolio of Forest Capital Partners, the companies report. Terms of the transaction were not disclosed. Hancock Timber is acquiring 376,000 acres in Louisiana, 573,000 acres in Oregon, 138,000 acres in Idaho and 264,000 acres in Washington. Molpus is acquiring ...

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Stanford faces sentencing for $7B-plus ponzi scheme

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 investors “simply to satisfy his ...

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Ex-Connecticut inn owner accused of bilking investors for resort project

LAKESHORE — A former owner of New London, Conn.’s, historic Lighthouse Inn is facing a trial in federal court on charges she helped defraud $1.7 million from investors in a resort project in Mississippi. Maureen Clark of Stonington and her former business partner, Cristopher Plummer of Lyme, were accused of using much of that money to pay expenses for the ...

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Hosemann urging investors to file claim for Morgan Keegan settlement

ACROSS MISSISSIPPI — Eligible investors face a June 16, 2012 deadline to file a claim for a portion of a multi-million dollar settlement with Morgan Keegan. Last June, Secretary of State Delbert Hosemann negotiated a settlement on behalf of investors who invested in certain Morgan Keegan bond funds. “These settlement funds will bring some relief to Mississippians who may have ...

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Fitch withdraws ratings on MDOC bonds for prison projects

MARSHALL COUNTY and WILKINSON COUNTY — Fitch Ratings has withdrawn its ratings on the following bonds due to pre-refunding activity: • Mississippi Development Bank (MS) (MSLoan Prog-Mississippi Department of Corrections-Marshall County Correctional Facility Refunding Proj) general obligation special obligation bonds series 2008C (all maturities); and • Mississippi Development Bank (MS) (MSLoan Program-Mississippi Department of Corrections Wilkinson County Correctional Facility) general ...

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Ex-NFL player going to jail for defrauding investors

JACKSON — Former NFL football player Jeffrey Walker is going to prison for defrauding investors in four states of more than $2 million in what prosecutors say was a land development scheme involving property in China. A federal judge sentenced Walker to 45 months for wire fraud and 36 months for tax evasion. The sentences will run at the same ...

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New Jersey investment firm buys industrial building for $16.2M

OLIVE BRANCH — Monmouth Real Estate Investment Corporation of Freehold, N.J., has acquired a 234,660-square-foot industrial building located at 8644 Polk Lane, Olive Branch, at a purchase price of $16.2 million. The property is net-leased for 10 years to Anda Pharmaceuticals Inc., a distribution division of Watson Pharmaceuticals Inc. The building is situated on approximately 12.3 acres. It is a ...

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Jury clears way to go after Stanford's foreign bank accounts

HOUSTON, Texas — A Texas jury cleared the way yesterday for U.S. authorities to go after $330 million in stolen investor funds sitting in frozen foreign bank accounts controlled by convicted Ponzi schemer R. Allen Stanford. The jury, which convicted the former tycoon on 13 of 14 fraud-related counts earlier this week, found there to be sufficient evidence that the ...

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Dallas company looking to purchase Seventh Knight via stock swap

VICKSBURG — Fusion-Q of Dallas, Texas, has made a tender offer to acquire the shares of Seventh Knight Inc. Under the terms, Fusion-Q has tendered an offer to acquire Seventh Knight with Fusion-Q preferred stock in exchange for the 9,674,403 shares of common stock outstanding stock of Seventh Knight. Thereafter, each Fusion-Q preferred share would be convertible into one share ...

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