Law360, New York (October 20, 2006, 12:00 AM EDT) -- The U.S. Securities and Exchange Commission filed a lawsuit Wednesday against two brothers and another man, accusing them of selling $1.7 million in investors notes and using the proceeds for personal expenses and as funding for their high-risk mortgage business.
The lawsuit, filed in the U.S. District Court for the Northern District of Illinois, accuses Gari Aldridge; his brother, Tracey Aldridge; their business, Century Financial Services; and an unregistered broker, James Casmay of violating securities laws.
The SEC is asking for permanent injunctions and disgorgement of...
SEC Alleges Men Bilked Elderly In CD Scam
To view the full article, register now.
Try Law360 FREE for seven days
Already a subscriber? Click here to login
