$tacks Upon $tacks Of Moolah

[sludgehound]

Got ya Security & Trust right here....

By REUTERS
Published: August 31, 2005
The New York attorney general, Eliot Spitzer, said yesterday that two former top executives of the Security Trust Company had pleaded guilty to criminal charges in his investigation of illegal mutual fund trading.

Grant D. Seeger, the former chief executive of Security Trust, which is based in Arizona, pleaded guilty in New York State Supreme Court in Manhattan to second-degree grand larceny and to a violation of the Martin Act.

The former Security Trust president, William A. Kenyon, pleaded guilty to a felony violation of the Martin Act. Both received five years' probation and a $50,000 fine.

The Martin Act empowers the attorney general to subpoena any document he wants from anyone doing business in the state.

Security Trust was ordered to shut down in November 2003.