Levelland couple sues fund, claims fraud - KCBD NewsChannel 11 Lubbock

Levelland couple sues fund, claims fraud

Updated:

By James Clark - email

LUBBOCK, TX (KCBD) - A Levelland couple claims they've been scammed by somepeople who were already under a previous court order not to sell fraudulent investments.  Mack and Alice Wright filed suit this month in Lubbock federal court against RSM Forex Fund II, Nyle Field of Lubbock and Raymond Minardi of Plano.

The first RSM Forex Fund and Minardi were already under a 2009 state court order to not sell fraudulent or unregistered securities.

The Wrights claim that RSM tricked them into giving a $50,000 loan at 18% interest.  They also claim that RSM tricked them into making a separate $50,000 investment. 

Last week Lubbock federal Judge Sam Cummings put a temporary restraining order on RSM and Minardi.  The judge scheduled a hearing for December 28th to determine whether or not the temporary restraining stays in place.

Minardi, Field and RSM Forex have not yet responded in court records.

Copyright 2010 KCBD NewsChannel 11.  All rights reserved.

Powered by WorldNow

5600 Avenue A
Lubbock, TX. 79404

FCC Public File
publicfile@kcbd.com
806-744-1414
EEO Report
Closed Captioning

All content © Copyright 2000 - 2014 Worldnow and KCBD. All Rights Reserved.
For more information on this site, please read our Privacy Policy and Terms of Service.