eBay Investment Scam – Connecticut man indicted
Published January 24th, 2006
Earlier this month, a Guilford man was indicted, in part, on charges he promised to pay consumers’ rent and car loans in exchange for their investing in his company. Thousands signed up.
Kevin O’Connor, the U.S. attorney for Connecticut, said a federal grand jury handed down an 18-count indictment against Blake A. Prater, charging him with promising victims “exorbitant rates of return” on his financial products, which he sold through his company, Wellspring Capital Group Inc. in Guilford.
