A federal grand jury in Denver returned a 56-count indictment Wednesday against Eric Richfield Majors, 37, formerly of Colorado Springs, and Joshua Neale Wolcott, 34, of Denver. The charges include conspiring to defraud the Securities and Exchange Commission and the Internal Revenue Service, securities fraud, mail fraud, wire fraud, tax evasion, money laundering, and obstruction of justice.
The indictment said that between August 2000 and April 2005, Majors and Wolcott conspired to issue false information on Maximum Dynamics, a public company formerly based in Colorado Springs, in quarterly and annual statements and other documents filed with the SEC. Majors and Wolcott used the names and identities of unwitting Mexican nationals and shell companies to issue stock as compensation for consulting services purportedly done for the company.
