Arkansas
Batesville, Arkansas man sentenced to 15 months for mail and wire fraud
Batesville, Ark. – A United States District Judge sentenced a Batesville, Arkansas man to 15 months in prison on Wednesday.
Antron Ramey, 22, pleaded guilty in August, to one count of mail fraud and three counts of wire fraud.
On March 28, 2018, the Arkansas Securities Commission issued a Cease and Desist Order against Ramey and AFR Brokerage LLC, ordering Ramey and AFR to cease soliciting financial investments from individuals.
In 2018, Ramey began soliciting investment funds from individuals for investment purposes.
Ramey told those individuals that he would invest their money in cryptocurrency investment accounts or foreign currency investments with investment firms, including one legitimate investment firm known as Grand Capital.
Ramey held himself out to the individual investors as a financial investment advisor working on behalf of Grand Capital.
Ramey provided investors with a Financial Services Agreement which outlined Ramey’s investment services and the investments to be made on behalf of the investor.
However, Ramey was not affiliated with any investment services firm and was merely taking the individuals’ money and converting it to Ramey’s own benefit.
This case was investigated by the Federal Bureau of Investigations. Assistant United States Attorney Keith Sorrell handled the prosecution for the government.
-
Local News2 weeks ago
Locals and city officials in Little Rock discuss the one-cent sales tax that will be on the ballot in November
-
Local News2 weeks ago
Record-breaking attendance marks the end of the Arkansas State Fair
-
Local News1 week ago
Scenic Hill Solar and the University of Arkansas System collaborate on the biggest solar installation in the state
-
Local News2 weeks ago
Officer Norman goes to see Legaci, his closest friend
-
Local News2 weeks ago
P!nk fosters dog while on tour in Minnesota after it was rescued in Arkansas
-
Local News1 week ago
Simmons Bank Arena will host Winter Jam 2025
-
Local News1 week ago
Ken Duke, Arkansas pro golfer, excited to share home state with the world’s finest PGA Champions
-
Local News2 weeks ago
Hot Springs is a popular travel destination as Arkansas tourism grows
Leave a Reply