News Focus
News Focus
Followers 101
Posts 11703
Boards Moderated 0
Alias Born 11/02/2003

Re: gdepc post# 63538

Tuesday, 12/07/2010 5:53:21 PM

Tuesday, December 07, 2010 5:53:21 PM

Post# of 64738
Wow ,I hope there is more than one Plummer in Ct. The Plummer that I thought was involved with CYGX is the CEO of Franklin Power and energy .

On Nov. 23, a federal grand jury in New Haven returned a 32-count indictment charging Christopher Plummer of Lyme and Maureen Clark of Stonington with conspiracy, wire fraud, mail fraud and money laundering offenses stemming from an alleged investment fraud scheme that defrauded at least 12 individuals out of more than $1.7 million.

The indictment alleges that Plummer and Clark falsely represented to investors and potential investors that they, or a company they controlled, owned hundreds of acres of land in Lakeshore, Miss., a portion of which purportedly was zoned for casinos. They also falsely represented that the partners of the company had invested several hundred million dollars of their own funds in buying land and options on land in and around the town of Lakeshore.

After receiving the funds, Plummer and Clark allegedly diverted a significant portion of it for their own personal use, including writing checks to cash, paying the expenses of the Lighthouse Inn in New London, which they operated at one point, and making mortgage payments on a property in Stonington.

Discover What Traders Are Watching

Explore small cap ideas before they hit the headlines.

Join Today