Did deaf man defraud deaf investors?

Sep 9 2011 - 5:50pm

PLANO, Texas -- The U.S. Securities and Exchange Commission has charged a Texas man with securities fraud for allegedly soliciting more than $3.45 million from several thousand deaf investors as part of a scheme involving the trading of insurance policies that falsely promised big returns.

The SEC accuses Jody Dunn of soliciting investments for Imperia Invest IBC, which was charged last year with securities fraud and had its assets frozen by a Utah judge.

In a complaint filed in federal court in Plano on Thursday, the SEC alleges Dunn, who is deaf, solicited investments for Imperia over a three-year period and used the funds to pay for a variety of personal expenses, including mortgage and car payments.

Court records did not show an attorney for Dunn, who is from Corinth in North Texas.

 

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