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Masto announces indictments in securities fraud scam
by Tribune Staff
Mar 18, 2010 | 1786 views | 0 0 comments | 8 8 recommendations | email to a friend | print
LAS VEGAS –– Nevada Attorney General Catherine Cortez Masto announced Wednesday multiple felony charges filed for securities fraud involving investments on behalf of bogus charities in support of the Native American community, battered women and abused children.

Mark D. Jones, 43, formerly of Las Vegas, has been indicted on multiple felony charges, including one count of securities fraud, one count of offering to sell or sale of an unregistered security, one count of transacting business as an unlicensed broker-dealer and/or sales representative and one count of theft with the value of property in excess of $2,500.

All of the pending charges are Category B felonies and carry a possible prison sentence of one to 20 years.

The indictment alleges that in June 2004, Jones offered an unregistered investment opportunity to a Nevada resident through a company known as Eaglefinger Enterprises, Inc. (EEI). Jones told the victim that EEI was involved in projects to support the Native American community, battered women and abused children.

Secretary of State Ross Miller said due diligence is always an essential element when making any investment.

“The potential to use an investment to help someone in need can make an investment all the more attractive to a lot of people,” Miller said. “But the promise of helping others is not a guarantee that the investment is genuine. We use every opportunity like this to remind Nevadans that there are resources like our Web site,, and other resources to do some background checking before making an investment.”

The indictment alleges that Jones also claimed he had financial backers and EEI was subsidized by the United States government, which would insure the victim’s investment in the form of a stock purchase.

All charges were investigated by the Nevada Secretary of State Securities Division and referred to the Attorney General’s Bureau of Consumer Protection for prosecution.

The investigation revealed that in June 2004, the victim invested about $130,000 to purchase stock in EEI. The investigation also revealed that the victim’s investment money was not used to support any programs to help Native American Indians, battered women or abused children, but was spent by Jones on personal expenses and large cash withdrawals.

The state’s investigation did not show any subsidies from any government agency as claimed by Jones.

Jones was recently arrested in Colorado and booked under a Nevada arrest warrant filed in 2007 when the state originally filed its criminal complaint. The defendant’s whereabouts had been unknown since 2007 and it is believed that Jones intentionally evaded arrest for several years prior to his capture last month.

As with all defendants, Jones is presumed innocent until proven guilty.

Jones is scheduled to appear in Las Vegas for an arraignment on April 1 in District Court Department II.

Anyone who has information regarding this case should contact the Attorney General’s Office at 486-3221 in Las Vegas or 684-1180 in Carson City.
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