Securities fraud does not just happen in the big financial capitals around the world. In late July, an Easton, Conn. man pleaded guilty to securities fraud, money-laundering, and mail and wire fraud. Gregory P. Loles falsely represented himself to investors and fellow church attendees where he was on the board of the church\u2019s endowment fund. He told his victims that he was an investment adviser and their monies would be invested in Apeiron Capital Management, Inc. Little did they know that Apeiron\u2019s registration at the U.S. Securities and Exchange Commission was canceled in 1998. He also told them that monies in the church\u2019s building fund would be invested in Arbitrage Bonds, which did not even exist.<\/p>\n
Victims from the church invested more than $10 million with him through the church in Orange, Conn. They took monies from their 401(k), IRA, and life insurance payments in hopes of gaining more through his investments. (more…)<\/span><\/a><\/p>\n","protected":false},"excerpt":{"rendered":" Securities fraud does not just happen in the big financial capitals around the world. In late July, an Easton, Conn. man pleaded guilty to securities fraud, money-laundering, and mail and wire fraud. Gregory P. Loles falsely represented himself to investors…<\/span><\/p>\n