Trussville man pleads guilty to Securities Act violations
By Tribune staff
TRUSSVILLE — Jack Melvin Glover of Trussville, Alabama and Where buy cialis Kevin Douglas Vickers of Minneapolis, Minnesota pled guilty to one count each of Sale of Securities by an Unregistered Agent, according to a statement released by Brandon K. Falls, District Attorney for the 10th Judicial Circuit, Jefferson County, Alabama; and Joseph Borg, Director of the Alabama Securities Commission.
Jefferson County Circuit Court Judge, Laura Petro sentenced both men to one year and one day in prison, suspended, with five years probation. The Court also ordered Glover to pay $197,500 restitution, with Vickers being ordered to pay $120,000 restitution.
Glover was arrested Aug. 22, 2012 by deputies of the Shelby County, Alabama Sheriff’s Department. Vickers was arrested Sept. 25, 2012 by deputies of the Hennepin County, Minnesota Sheriff’s Department.
According to the Discount viagra statement, both arrests came as a result of August, 2012 Jefferson County Grand Jury indictments alleging the men committed securities fraud associated with Vickers company, KVH Capital Investment Partners, LLC, headquartered in Minneapolis, Minnesota. The indictments were based on an ASC Enforcement Division investigation into complaints filed by Alabama investors and a Nevada investor.
The investigation revealed that Glover and Vickers promoted the sale of Cialis sale a high-yield bank instrument. It was subsequently proven that the instrument was bogus and, as a result, investors lost money. ASC records did not indicate that, at the time of the violations, the men, or the company they represented, were registered with the ASC to legally offer and/or sell securities in Alabama, as required by the Viagra online uk Alabama Securities Act, officials said.