FRAUD STOPPERS:
Real life stories of investment fraud
Evansville man allegedly scammed tri-state residents with promise of investing in an energy drink
An investigation by Indiana Secretary of State Connie Lawson’s Prosecution Assistance Unit led to the arrest of Eric Nicholas Morgan of Evansville, Indiana for allegedly selling investments in his company, Liquid Ninja Energy, which produces the energy drink Liquid Ninja. Morgan was arrested in Evansville over the weekend on 15 counts of securities fraud and appeared in Vanderburgh County Court yesterday.
“This is the first energy drink scam that has come through my office, but, it has a lot of similarities to many other Ponzi schemes,” said Secretary Lawson. “Con artists are constantly changing their scams to prey on unsuspecting victims. I encourage anyone who is considering investing to always check with my office before making an investment. That’s the best way to protect yourself from investment fraud.
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