A Mooresville man raised $10 million from investors, telling some their money would help troubled companies – and then spent it on a boat dock and payments to other clients, according to a lawsuit filed Friday in federal court.The U.S. Securities and Exchange Commission claims in its civil suit that Shelby Dean Martin, 71, and his companies promised soaring returns to about 185 investors during a 10-year Ponzi scheme.
Local Man Charged With Ponzi Scheme
CharlotteObserver.com Most Recent Headlines, Charlotte Observer: Local
Sat, 03/07/2009 - 5:05am
Topics: mooresville u.s securities exchange commission dean martin iredell county liz proctor n.c department secretary state lake norman friday.&ldquo north carolina south carolina virginia colorado d martin enterprises inc october class c november j.v huffman jr claremont maria david i sec martin ponzi n.c dm ventures llc charged money percent court returns case return pay fraud boat arrested note papers dock told ordered
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