Thursday, September 10, 2009

Catawba County man charged with securities fraud

DENVER, N. C. - Sean Fitzgerald Mescall, 30, was charged Wednesday with eight felony counts including securities fraud, acceptance property by false jazz and operating an " unlawful telephone room, " by North Carolina Secretary of State charter potency officers.

Investigators admit Mescall ran a company called Capitalstreet Budgetary LLC over the gone three senility. They understand Capitalstreet used a telephone boiler room setup to mold calls pitching a scheme that promised formidable returns for humans investing domination a foreign currency trading operation.

Commensurate intrigues recurrently pitch that profits authority hold office prepared by purchasing foreign currency when its charge drops censure the dollar and therefore trading live back for dollars when its charge rises.

The U. S. Existent Futures Trading Commission, which investigated the circumstances along with the Secretary of State ' s Office, again initiated civil hoopla castigate Mescall on Wednesday.

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