- Associated Press - Friday, July 4, 2014

INDIANAPOLIS (AP) - Secretary of State Connie Lawson is urging Indiana residents to check with her office to see if investors are properly registered with the state before making any investments.

Lawson made the statement Thursday after two people were arrested on charges of running a Ponzi scheme. Lawson said that investigators with the secretary of state’s prosecution assistance unit found that the pair had been selling bad investments to elderly residents.

She said an Indianapolis man had lured more than 300 residents into believing they were renting to buy various properties. In some cases, investigators say the properties had been foreclosed on before being shopped to victims.


Copyright © 2018 The Washington Times, LLC.

The Washington Times Comment Policy

The Washington Times welcomes your comments on Spot.im, our third-party provider. Please read our Comment Policy before commenting.

 

Click to Read More and View Comments

Click to Hide