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
The Toad Suck Daze festival has revealed its stellar lineup, unique zoo display, and donation options
-
Local News2 weeks ago
Within the next ten days, the audit on the governor of Arkansas’s $19,000 lectern will be made public
-
Local News2 weeks ago
Laman Library is going to start providing free online job training
-
Local News2 weeks ago
Local businesses experience variable influx during total solar eclipse weekend
-
Local News2 weeks ago
Five seniors from Parkview Arts and Science will get $200,000 in scholarships
-
Local News2 weeks ago
The Little Rock Water Reclamation Authority has received a $500 million investment
-
Local News1 week ago
Wheelchair ramp constructed by Ozark Mission Project for elderly woman in need
-
Local News1 week ago
A four-week closure is planned for North Rodney Parham Road
Leave a Reply