HUD CHARGES ALABAMA PROPERTY MANAGEMENT COMPANY

WASHINGTON – The U.S. Department of Housing and Urban Development (HUD) announced today that it has charged Mobile, Alabama-based Bienville Property Management, Inc., which does business as Showhomes Mobile and Baldwin Counties, and its property manager with violating the Fair Housing Act by refusing to rent a single-family, three-bedroom house to a woman because she has three young children. Read HUD’s charge. >Continue Reading<☺

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SEC SHUTS DOWN $102 MILLION PONZI SCHEME

Washington D.C.  —  The Securities and Exchange Commission today filed charges and obtained an asset freeze against the individuals and companies behind a $102 million Ponzi scheme that bilked investors throughout the U.S.

According to the SEC’s complaint, the defendants defrauded more than 600 investors through sales of securities in issuers they controlled, including First Nationle Solution LLC, United RL Capital Services, and Percipience Global Corp.  The complaint alleges that investors were told that their funds would be used for the companies and some were guaranteed dividends or double-digit returns.  But, >Continue Reading<☺

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