SEC Halts $47 Million Financial Investment Scams at Utah-Based Payday Loans Companies. Senate charges 89 permitting pay day loans back in NC

FOR QUICK PRODUCTION 2011-73

Arizona, D.C., March 28, 2011 – The Securities and Exchange payment correct established it have gotten a writ freezing the properties of two online payday loan firms as well as their proprietor charged with perpetrating a $47 million providing scam and Ponzi plan.

The SEC alleges that John Scott Clark of Hyde park your car, Utah, guaranteed dealers huge annual income of 80 percentage to their funds with his agencies – influence earnings LLC and Impact repayment software LLC. [Read more...]