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Hamilton County woman pleads guilty to securities fraud

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A Hamilton County woman accused of running a deceptive stock-sale scheme pleaded guilty to securities fraud Wednesday in Marion Superior Court.

Dorothy Geisler-Tragardh, 51, faces a year of home detention and three years probation when sentenced Oct. 13. She also must perform 400 hours of community service and pay $1.9 million in restitution to 11 investors.

In March 2009, the state’s securities division secured an asset freeze against Geisler-Tragardh, who had been a partner in a clean-coal energy company called Praxis Resource Partners LLC.

Her business partners alerted state officials when they suspected she was pocketing investor funds and using them for personal expenses, including the purchase of a home on Geist Reservoir.

The charges accused her of selling Class A company shares valued at 30 cents per share to investors for $56 each, while misrepresenting them as Class B shares.

Praxis formed in September 2006 by Geisler-Tragardh and partners W.C. Perryman III and Edward N. Flynn to develop a coal-gasification process in eastern Texas. Perryman and Flynn were not involved in the alleged fraud, according to court documents.

Last March, Marion Superior Court Judge Patrick McCarty froze Geisler-Tragardh's assets, including Picasso artwork, her luxury waterfront home, a Rolex watch, a diamond, a Mercedes Benz and two other cars and a boat.

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  • Reason
    She is GUILTY!!! No matter what way you look at Ms Geisler's actions she is guilty and needs to learn she cannot continue to steal money from people. SHe has done this her entire life!!!She never has held a job that wasn't financially supportrd by her family and their friends who were investors. Sure they all knew the chance they could lose money, but she needs to learn that life is not about money. It is anout Faith and working hard to legally get money to pay bills and put food on the table for your family. We hope the state will put her away so she can learn a lesson, letting her get away with just home detention is awful.
  • Why
    Why is this woman allowed to be out running around and enjoying life while others are locked up for lesser crimes? She acts like she has done nothing wrong ... how can this be? Is she a sociopath? No matter what, she is a dangerous lady. One NO ONE should trust!!! We all would be better if she were locked up and finally learning a lesson from her schemes from her whole life.
  • What about the co-defendants?
    What about the Martens?
  • re
    why? Because this gal didn't have the chutzpa to pay off the county prosecutor.

    Speaking of, hey Carl, do you think Philadelphia is goign to charge you for insider trading on Cellstar? Where exactly is that cancelled check for purchases?

    http://www.sec.gov/news/press/2009/2009-85.htm
  • Assets frozen
    Why was DGT assets frozen and TD's not? I guess innocent until proven guilty? What else can it be?
  • What's in the water in Geist?
    First it was TD, then the guy that jumped out of a plane, now DGT. Does anybody still live in Geist Res.?

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