SEC busts 4 insurance agents in scam against seniors
October 2, 2014 by Melanie Waddell
The Securities and Exchange Commission announced on Friday charges against four insurance agents for unlawfully selling securities in what turned out to be a multimillion-dollar offering fraud targeting senior investors.
The SEC previously charged a Colorado man, Gary Snisky, who allegedly orchestrated the scheme and recruited active insurance agents to help him solicit investors in Colorado and several other states. The scheme raised approximately $4.3 million in nearly 18 months. Click here to read…