Still no date for sentencing of co-conspirator of Ponzi scammer Renwick Haddow
The Securities and Exchange Commission explains that James Moore has retained new defense counsel in the criminal case against him.
The United States Securities and Exchange Commission (SEC) has earlier today filed a Letter in the New York Southern District Court regarding its case against James Bernard Moore, one of the co-conspirators of Ponzi scammer Renwick Haddow.
The case brought by the SEC has been stayed in light of the criminal proceedings against Moore. In the Letter submitted today, the regulator provides a status update on the related criminal proceeding against Moore.
Let’s recall that Moore was convicted on June 7, 2019 of conspiracy to commit wire fraud, in violation of Title 18, United States Code, Section 1343 and wire fraud, in violation of Title 18, United States Code, Sections 1343 and 2. Moore has retained new defense counsel in the criminal case, and a status conference with the Court is scheduled in that matter for October 2, 2019. There is no pending sentencing date.
According to the SEC’s Complaint, from approximately mid-2015 through May 2016, Moore and Voicetech, a company Moore controlled with his wife, recruited a network of sales agents to sell fraudulent investments to investors and served as the sales agents’ liaison to the entities offering the fraudulent investments.
The defendants arranged for the sales agent network to sell the investments by using the offering entities’ false and misleading offering materials. Inter alia, the materials touted the background of a chief executive officer, who in fact did not exist as Moore knew, and at the same time intentionally omitted any mention of Renwick Haddow, the real person controlling the entities, because, also as Moore knew, Haddow had been sued by a United Kingdom regulator for a prior scheme involving African land.
The network of sales agents recruited by Moore and Voicetech raised over $5 million from at least 100 investors for the fraudulent investments. In return for their role in selling the fraudulent investments, the defendants received commissions that totaled at least $1.4 million from the entities offering the investments.