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Mon Jul 1, 2019, 05:00 PM

State seeks to protect investors as Salem man faces jail time for securities fraud

BRENTWOOD The state is taking legal action to protect investors who claim they lost tens of thousands of dollars in deals with a Salem man who is facing jail time for securities fraud.

Secretary of State William Gardner has filed a complaint against Michael Bates seeking an injunction to prevent him from conducting any securities business.

Bates, 44, was sentenced on June 14 to at least six months in jail after a Rockingham County jury found him guilty of a felony securities fraud charge accusing him of making various misrepresentations when he solicited a friend to invest in a business.

A judge ordered Bates to pay $50,000 in restitution to the victim and prohibited him from engaging in the sale of securities or receiving monetary investments from third parties during his probationary period.

Read more: https://www.unionleader.com/news/crime/state-seeks-to-protect-investors-as-salem-man-faces-jail/article_2cca05cb-4e22-55cb-afbd-3e0ddab0b8d9.html

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Reply State seeks to protect investors as Salem man faces jail time for securities fraud (Original post)
TexasTowelie Jul 2019 OP
Mopar151 Jul 2019 #1

Response to TexasTowelie (Original post)

Mon Jul 1, 2019, 05:29 PM

1. Crooked "investment brokers" are, Sadly, a NH tradition. n/t

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