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Commerce News Release FOR IMMEDIATE RELEASE |
Contact: Bill
Teets at (614) 644-7187 |
BY THE OHIO
DEPARTMENT OF COMMERCE’S DIVISION OF SECURITIES
For more
information, please contact Dennis Ginty at (614) 644-9564 or Bill Teets at
(614) 644-7187.
**INFORMATION
RELEASE**
August 1 through August 31,
2001
ENFORCEMENT ADMINISTRATIVE
ACTIONS
|
Order
No. |
Name of
Entity |
Date |
Type of
Order |
|
01-216 |
Douglas Wayne Magnuson
CRD No.
2592996 78 Malone
Avenue Long Beach, NY 11561 |
8/1/01 |
Notice of Intent to Deny
Application for Securities Salesperson License; Notice of Opportunity for
Hearing |
|
01-217 |
Michael Alan Doblan
CRD No.
2410012 40 Lawrence
Drive Nesconset, NY 11767 |
8/2/01 |
Notice of Intent to Deny
Application for Securities Salesperson License; Notice of Opportunity for
Hearing |
|
01-218 |
Michelle McDonough
CRD No.
736021 7 Webb
Road North Tarrytown, NY 10591 |
8/6/01 |
Revocation of Ohio Securities
Salesperson License |
|
01-219 |
Canko Environmental
Technologies Inc.; and Heinz Lueders
10458 Mayfield
Road Edmonton,
Alberta Canada T5P
4P4 |
8/6/01 |
Cease and Desist
Order |
|
01-220 |
Brian William Spencer
CRD No.
2262929 3556 Creekwood
Drive #12 Lexington, KY 40502 |
8/6/01 |
Notice of Intent to Deny
Application for Securities Salesperson License; Notice of Opportunity for
Hearing |
|
01-221 |
Scott David Shames
CRD No.
2756455 41 West 72
Street New York, NY 10023 |
8/6/01 |
Termination of Order
01-211 |
|
01-222 |
Douglas Eugene Walters
CRD No.
2669170 70 Mitchell
Street Saratoga, NY 12866 |
8/6/01 |
Termination of Order
01-209 |
|
01-223 |
Jonathan Russell Legg
CRD
No.2123916 3615 Underwood
Street Chevy Chase, MD 20815 |
8/6/01 |
Termination of Order
01-207 |
|
01-224 |
John Adam Saveriana Jr.
CRD No.
2425290 424 East 66th
Street Apt.
2RE New York, NY 10021 |
8/6/01 |
Termination of Order
01-214 |
|
01-225 |
John Patrick Abresch
CRD
No.2280271 6261 N.W. 125th
Avenue Coral Springs, FL 33076 |
8/6/01 |
Termination of Order
01-213 |
|
01-226 |
Ameritech Petroleum Inc.; and
Brent Wagman 16901 Dallas
Parkway Suite
111 Dallas, TX 75248 |
8/6/01 |
Cease and Desist
Order |
|
01-227 |
Augrid of Nevada Inc.
140 Public
Square Suite
208 Cleveland, OH 44114 |
8/7/01 |
Cease and Desist Order with
Consent Agreement |
|
01-228 |
Charles Howard Collins
1429 King
Avenue Suite
200 Columbus, OH 43212 |
8/7/01 |
Cease and Desist Order with
Consent Agreement |
|
01-229 |
Thomas Joseph Heaphy Jr.
CRD No.
2540325 21 Edwin
Avenue Patchouge, NY 11772 |
8/7/01 |
Notice of Intent to Deny
Application for Securities Salesperson License; Notice of Opportunity for
Hearing |
|
01-230 |
Alan Earl Morris
CRD No.
340356 2272 Wason
Road Sarasota, FL 34231 |
8/7/01 |
Notice of Intent to Deny
Application for Securities Salesperson License; Notice of Opportunity for
Hearing |
|
01-231 |
Edward Eugene Hawkins
CRD No.
1028837 8325 Weathered Wood
Trail Poland, OH 44514 |
8/8/01 |
Notice of Opportunity for
Hearing |
|
01-232 |
International Business
Consortium Inc.; and William L. Brotherton
6609 South Shields
Street Fort Collins. CO 80526 |
8/9/01 |
Notice of Opportunity for
Hearing |
|
01-233 |
Ira Sidney Stern
CRD No.
1227011 3459 East Livingston
Avenue Columbus, OH 43227 |
8/13/01 |
Revocation of Ohio Securities
Salesperson License |
|
01-234 |
Harbay Kessef & Co.
CRD No.
35308 3459 East Livingston
Avenue Columbus, OH 43227 |
8/13/01 |
Revocation of Ohio Securities
Dealer License |
|
01-235 |
Pacific Foods Inc.;
and Mark Marrone
5777 West Century
Blvd. Suite
1650 Los Angeles, CA 90045 |
8/13/01 |
Cease and Desist
Order |
|
01-236 |
Kenneth W. Rumbaugh
CRD No.
1364691 1301 Bellefontaine
Avenue Lima, OH 45804 |
8/15/01 |
Notice of Opportunity for
Hearing |
|
01-237 |
William Charles Stonhaus
CRD No.
1031651 2733 Lake Van
Ness Fresno, CA 93711 |
8/22/01 |
Termination of Order
01-212 |
|
01-238 |
Thomas Joseph Heaphy
CRD No.
2540325 21 Edwin
Avenue Patchouge, NY 11772 |
8/22/01 |
Termination of Order
01-229 |
|
01-239 |
Michael Alan Doblan
CRD No.
2410012 40 Lawrence
Drive Nesconset, NY 11767 |
8/22/01 |
Termination of Order
01-217 |
|
01-240 |
Douglas Wayne Magnuson
CRD No.
2592996 78 Malone
Avenue Long Beach, NY 11561 |
8/22/01 |
Termination of Order
01-216 |
|
01-241 |
Gregory Wendel Meyers
CRD No.
2871744 7279 Willowbrook
Lane Cincinnati, OH 45237 |
8/24/01 |
Notice of Intent to Deny
Application for Securities Salesperson License; Notice of Opportunity for
Hearing |
|
01-242 |
Paul Steven Alexander
CRD No.
1001343 2756 Green Valley
Parkway #299 Henderson, NV 89014 |
8/23/01 |
Termination of Order
01-187 |
|
01-243 |
Robert E. Seaquist
253 Ridge Side
Drive Powell, OH 43065 |
8/24/01 |
Notice of Opportunity for
Hearing |
|
01-244 |
Reginald William Miller III
CRD No.
1104113 17126 Catsden
Road Chagrin Falls, OH 44023 |
8/31/01 |
Revocation of Ohio Securities
Salesperson License |
Criminal
Activity
On August 16, 2001, Joseph E. Erwin was sentenced in U.S.
District Court in Columbus to 10 years in prison for embezzling $2.2 million
from 11 of his clients that was to be used for purchasing stocks and other
securities. Erwin managed a branch
office of Eisner Securities in central Ohio. The Division had revoked Erwin’s Ohio
securities salesperson license on February 5, 2001.
On August 22, 2001, Geoffrey P. Benson of The Infinity Group received a 30 year
sentence in U.S. District Court in Youngstown. Benson was convicted for mail and wire
fraud, conspiracy to commit wire fraud, conspiracy to impede and impair the
Internal Revenue Service, and tax evasion.
In addition, Benson’s wife, Susan
L. Benson, and Geoffrey J.
O’Connor of Painesville, Ohio, were each sentenced to 10 years, 1 month in
prison on the same charges. The
judge also ordered the Bensons and O’Connor to pay $12.4 million in restitution
to the investors. The Infinity
Group sold investments to as many as 10,000 people worldwide in a $26.6 million
pyramid and Ponzi scheme.
On August 27, 2001, Akron attorney
and financial planner Andrew Paul
Bodnar, Jr., received an 11 year sentence in U.S. District Court in
Akron. Bodnar was also ordered to
pay $20 million in restitution. In
a plea agreement in April, Bodnar pleaded guilty to charges of securities fraud,
mail fraud, tax evasion, and conspiracy to commit securities fraud, mail fraud,
and wire fraud. Bodnar was the
mastermind of a Ponzi scheme in which he defrauded at least 700 investors of
more than $41 million. Many of the
investors were elderly residents of the Akron area.
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