ALABAMA
SECURITIES COMMISSION
770 WASHINGTON AVE, SUITE 570
MONTGOMERY, ALABAMA 36130-4700
Telephone: (334) 242-2984 or 1-800-222-1253. Fax: (334)
242-0240
Email: asc@asc.state.al.us. Website:
www.asc.state.al.us
FOR
IMMEDIATE RELEASE
MONTGOMERY,
ALABAMA (January 30, 2003) - Joseph P. Borg, Director, Alabama Securities
Commission and Joseph H. Hall, Daphne Alabama, Police Chief, announced today
the filing of warrants and the arrest of Harris Carl Grant, Jr. and Ginger Kay
Grant, residents of Daphne, Alabama for Securities Fraud, and 1st
Degree and 2nd Degree Theft charges.
On January 27, 2003 Daphne Police and Special
Agents of the Alabama Securities Commission, Enforcement Division, arrested
Harris and Ginger Grant on four counts of Securities fraud, four counts of 1st
Degree Theft and one count of 2nd Degree Theft by Deception. The arrests were a result of a joint
investigation conducted by Special Agents of the Securities Commission and the
Daphne Police Department.
The preliminary investigation disclosed that Harris
and Ginger Grant obtained more than $60,000.00 from Alabama residents based on
representations that they would invest the money in a new invention to be used
in the logging industry.
The cooperative investigation concerning the
activities of Harris and Ginger Grant is continuing. Securities Commission Director Borg and Police Chief Hall
encourage anyone who has had similar dealings with Harris and Ginger Grant to
call the Alabama Securities Commission, Enforcement Division, at (800)
222-1253.
The Director of the Alabama Securities Commission (ASC)
cautions potential investors to thoroughly check out any investment opportunity. Contact ASC for inquiries regarding
securities broker-dealers, agents, investment advisors, investment advisor
representatives, financial planners, the registration status
of securities, to report suspected fraud, or obtain consumer information:
- more -
ALABAMA
SECURITIES COMMISSION
770 WASHINGTON AVE, SUITE 570
MONTGOMERY, ALABAMA 36130-4700
Telephone: (334) 242-2984 or 1-800-222-1253. Fax: (334)
242-0240
Email: asc@asc.state.al.us. Website:
www.asc.state.al.us
###
If you have questions or
require more information contact:
Daniel G. Lord
Education and Public Affairs Manager