Jailed MBC Trio Accused Anew Of Securities Fraud

Law360, New York (February 19, 2008, 12:00 AM EST) -- The Securities and Exchange Commission filed further complaints Friday against three people convicted last summer in connection with Mutual Benefits Corp.'s alleged massive offering fraud that bilked investors worldwide of more than $1 billion.

The complaints, filed in the U.S. District Court for the Southern District of Florida, charge both Ameer Khan and Raquel Kohler with one count of selling unregistered securities in violation of Sections 5(a) and 5(c) of the Securities Act, and two counts of knowingly and recklessly committing fraud under Section 17(a) of...
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