December 19, 2014 at 10:27 pm #40856
Our research into Southwest Financial Group has turned up one or more ‘red flags’ or violations involving both the Southwest Financial Group and the individuals Christopher Anthony Zaal.
These violations, not the violators, have, in the past, been associated with other individuals/companies involved in alleged State and Federal securities and criminal violations and/or fraud.
Christopher Anthony Zaal of McKinney, who did business as Southwest Financial Group, was arrested Sept. 8 after having been indicted in Collin County on charges of securities fraud and money laundering for obtaining at least $2.27 million in fraudulent investment schemes. Zaal allegedly committed fraud when he sold promissory notes and other securities – primarily to active and retired school district employees in North Texas – without disclosing to investors that has never been registered to sell securities, that he was in proceedings with the Texas Department of Insurance to revoke his insurance license, and that he was involved in prior investment schemes that turned out to be fraudulent.
Some of the ‘red flags‘ include:
- SCHOOL EMPLOYEES AMONG INVESTORS IN ALLEGED MULTI-MILLION-DOLLAR FRAUD – http://www.ssb.state.tx.us/News/Press_Release/09-11-14_press.php
- True Bill of Indictment – http://www.ssb.state.tx.us/Enforcement/legalactions/Zaal_True_Billed_Indictments.pdf
The above statement and/or violations should not be considered as an accusation against the company or individuals cited. Everyone is considered innocent until proven otherwise in a legal forum.
If you are interested in more information regarding these violations, please contact us.
- This topic was modified 3 years, 1 month ago by svadmin.
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