Getting your player ready...
A Security and Exchange Commission lawsuit accuses a former Greeley investment broker and three others of selling $7.7 million in securities through a Ponzi scheme for three years before it collapsed, the Greeley Tribune reported Monday.
John Guyette, 70, who lost his broker’s license last year after he and his partner Tom Miller led several investors through the failed Medical Capital Holdings investments, has been named in the lawsuit filed in U.S. District Court for the Eastern District of Tennessee, alleging he participated in the Ponzi scheme, defrauding elderly clients and unsophisticated buyers with blatant lies.
