Originally published November 16, 2009 at 7:17 PM | Page modified November 16, 2009 at 9:31 PM
Comments (0)
E-mail article
Print view
Share
SEC accuses 4 people in alleged Ponzi scheme
Federal regulators have accused four people and two companies of fraud in an alleged $30 million Ponzi scheme that lured 300 investors nationwide in purported eco-friendly investments.
The Associated Press
Federal regulators have accused four people and two companies of fraud in an alleged $30 million Ponzi scheme that lured 300 investors nationwide in purported eco-friendly investments.
The Securities and Exchange Commission alleges Wayde McKelvy and Donna McKelvy, who were married, used their Centennial, Colo.-based company Speed of Wealth to find investors for Bala Cynwyd, Pa.-based Mantria Corp.
The SEC filed a complaint in federal court Monday in Denver alleging the McKelvys and Mantria executives Troy Wragg and Amanda Knorr of Philadelphia overstated Mantria's successes to lure investors.
Wragg and Knorr didn't return a phone message seeking comment. Donna McKelvy's voice mail wasn't accepting messages. Wayde McKelvy's phone number wasn't listed.
E-mail article
Print view
Share
UPDATE - 12:30 AM
World stocks rise as Europe debt crisis fears ease
RealNetworks makes key play with Rhapsody spinoff
Alaska Air dropping Jones Soda beverages, going back to Coca-Cola
Lots of Buzz over Google latest bid at social networking
Cheaper brands of liquor taste better in tight economy
More Business & Technology headlines...
Entertainment | Top Video | World | Offbeat Video | Sci-Tech
general classifieds
Garage & estate salesFurniture & home furnishings
Sporting goods
just listed
EMPI Tens Kit - $400
Nintendo DS lite - $90
Wanted 4 tickets - $50
More listings
POST A FREE LISTING
shopping
events for Wednesday, Feb. 10
- Sweet Tooth Classic at the Tasting Room
- Winter Sale at Tricoter
- Trunk Show and Benefit at Vian Hunter
- "Give Love, Get Love" Benefit at Clementine
editors' picks
- Garden furnishings
- Independent bookstores
- Vintage, consignment and used clothing
- Pioneer Square shopping
- Steve Kelley | My treatment of Bedard has been unfair
- Is Washington's tax exemption on bullion a gold mine?
- 747-8 soars smoothly on first outing
- Alaska Air dropping Jones Soda beverages, going back to Coca-Cola
- Super Bowl ads: Betty White, Bud Light, big laughs
- Man found shot dead in pickup truck in Seattle
- Sex, drug rumors swirl about N.Y. Gov. Paterson
- Seattle is first U.S. stop for Picasso exhibit
- Lewis-McChord soldier charged with abusing 4-year-old over alphabet lesson
- Husky Football Blog | Pac-10 expansion to get consideration over next year
- Republicans may be no-shows at health-plan summit 278
- Pac-10 expansion to get consideration over next year 249
- State Senate votes to clear way for tax increases 244
- Lee undergoes foot surgery 230
- Obama: GOP and Dems together can spur job growth 209
- Fort Lewis soldier charged with abusing 4-year-old, holding her head in water 193
- Rivals names Martin one of Pac-10's best recruiters 143
- Belltown boulevard could be completed by early next year 127
- White House mocks Sarah Palin from podium 91
- Bus-tunnel attack while guards watched prompts review of Metro security 83
- Seattle is first U.S. stop for Picasso exhibit
- 747-8 soars smoothly on first outing
- City, Vulcan push higher South Lake Union height limits
- Commentary: Microsoft's creative destruction
- Snap out of your photo funk: How to make sense of all those piles of images
- Wine Adviser | Oregon's quality pinots join the bargain ranks
- Belltown boulevard could be completed by early next year
- Jerry Large | Learning not to copy China
- All You Can Eat | Portage chef Vuong Loc takes Cremant space in Madrona
- Rigorous college-prep classes skyrocketing in Washington state
