Louisville Man Sentenced to 21 Months’ Imprisonment for Selling Investments as an Unregistered Broker/Dealer
Sold Investments in a Business Opportunity Known as Semper Libera
| U.S. Attorney’s Office May 27, 2009 |
LOUISVILLE, KY—Roger W. Jones, age 54, of Louisville, Kentucky, was sentenced to one year and nine months’ imprisonment following his guilty plea in August, 2008, to six counts of selling securities without having been a registered broker or dealer as required by the Securities and Exchange Act of 1934, Candace G. Hill, Acting United States Attorney for the Western District of Kentucky, announced today.
Jones admitted during his guilty plea to selling investments on 6 separate occasions in 2003, in an entity known as Semper Libera without having been a registered broker with the Securities and Exchange Commission, as required under the law. The investments Jones sold occurred between March and December 2003, and ranged in amounts from $5,000 to $20,000.
In addition to sentencing Jones to a one year and nine-month prison term, United States District Judge Charles R. Simpson III ordered Jones to serve a three-year term of supervised release following his release from prison and required Jones to pay $181,096 in restitution to the victims of his crimes.
The case was prosecuted by Assistant United States Attorney Jim Lesousky, and it was investigated by the Office of the Kentucky Attorney General, Consumer Protection Division, and the Federal Bureau of Investigation.