Santa Fe, N.M. – The Securities Division of the Regulation and
Licensing Department provided training at the State Bar of New Mexico
2015 Annual Meeting in order to educate New Mexico lawyers on
investment fraud and financial exploitation prevention.
SANTA FE – Two Eddy County business partners, doing business as Dusais Enterprises, LLC, have been arrested and charged with four felony counts for allegedly selling fraudulent and unauthorized securities to Carlsbad investors.
Santa Fe - In the culmination of a joint effort between local law enforcement agencies and the state's Securities Division, William "Bill" Turner, a Broker from Tularosa, was sentenced to serve 9 ½ years for securities fraud. Turner is scheduled to report to the Department of Corrections in Los Lunas, on May 29, 2015 at 2:00 pm.
SANTA FE – The New Mexico Regulation and Licensing Department’s Alcohol and Gaming Division today announced penalties against four establishments for over-serving alcohol to intoxicated customers who later became involved in drunken driving incidents resulting in four fatalities.
SANTA FE – The former owner of Mimbres Valley Escrow Services in Deming was arrested last week on criminal charges of embezzling nearly $822,000 from 12 Luna County residents.
SANTA FE - In an effort to better educate Spanish speaking alcohol servers and sellers about the dangers of over serving and serving to minors, the New Mexico Regulation and Licensing Department’s Alcohol and Gaming Division has unveiled a new alcohol server online training in Spanish.
SANTA FE – A 41-year-old contractor from Los Lunas has pleaded guilty to charges of fraud and embezzlement in a real estate scheme and will pay nearly $400,000 in restitution to four investors.
SANTA FE – The New Mexico Regulation and Licensing Department’s Securities Division today issued an advisory urging investors to approach high-yield investment programs with caution.
High-yield investment programs, or HYIPs, are Ponzi schemes sold by unlicensed individuals. “In the past, con artists relied on word of mouth to lure investors into these investments. Now they rely on the Internet and social media buzz to quickly popularize their schemes before the fraud is discovered,” New Mexico Regulation and Licensing Superintendent, Mike Unthank said.
SANTA FE – State Securities Division Director Alan R. Wilson today issued Notices of Contemplated Action against two financial institutions and their brokers, alleging they breached their duties as investment brokers that contributed to a financial crisis at the Bernalillo County Treasurer’s Office.
Santa Fe – Following the outbreak of Ebola in western Africa and its appearance in North America, the New Mexico Regulation and Licensing Department’s Securities Division today cautioned investors to beware of opportunistic Internet-based investment schemes related to the disease.