IBJNews

Johnson County woman guilty of securities fraud

Back to TopCommentsE-mailPrintBookmark and Share

A Johnson County woman was sentenced to eight years in prison, with four years suspended, after pleading guilty Wednesday to securities fraud.

According to the charges, Wanda Robertson, 67, solicited investors through the Web site Craig’s List, claiming to offer a business opportunity in which they would be given ownership in her company, Real Estate Paper Chase, without having control over operations of the business.

Robertson’s scheme involved using investors’ credit histories to apply for loans and credit cards on behalf of the business, the Indiana Secretary of State’s office said.

She promised to pay any debt incurred under the investor’s name and provide a 4-percent return on their investments. Robertson further offered opportunities to become officers in “shelf corporations” and to then invest in real estate through these companies and make even more money, the Secretary of State’s office said.

Robertson pleaded guilty to securities fraud and two other charges involving her failure to properly register with the office before doing business in Indiana—all class C felonies.

In addition to her prison sentence, she also was ordered to repay her three victims a total of more than $170,000.

“This case is an egregious example of an unfortunate and dangerous trend—people using the Internet to perpetuate investment fraud,” Secretary of State Todd Rokita said in a prepared statement. “It is vital for Hoosiers to research investment opportunities thoroughly, especially those offered online.”

Robertson has been held since March in the Johnson County Jail on a $72,000 bond.

Johnson County Prosecutor Brad Cooper appointed Stephanie Caraway, senior attorney for Rokita’s Prosecution Assistance Unit, to handle the case against Robertson, with assistance from Cooper and his staff.

 

ADVERTISEMENT

  • Yawn
    Here Rokita is sitting on top of one of the biggest public corruption cases in US history and he is bragging about low hanging fruit

    Todd, would you please be the first to charge you know who on 1) Indiana state securities violations over the previous pumps 2) failure to pay Indiana state income tax and 3) failure to pay Indiana motor vehicle sales tax

Post a comment to this story

COMMENTS POLICY
We reserve the right to remove any post that we feel is obscene, profane, vulgar, racist, sexually explicit, abusive, or hateful.
 
You are legally responsible for what you post and your anonymity is not guaranteed.
 
Posts that insult, defame, threaten, harass or abuse other readers or people mentioned in IBJ editorial content are also subject to removal. Please respect the privacy of individuals and refrain from posting personal information.
 
No solicitations, spamming or advertisements are allowed. Readers may post links to other informational websites that are relevant to the topic at hand, but please do not link to objectionable material.
 
We may remove messages that are unrelated to the topic, encourage illegal activity, use all capital letters or are unreadable.
 

Messages that are flagged by readers as objectionable will be reviewed and may or may not be removed. Please do not flag a post simply because you disagree with it.

Sponsored by
ADVERTISEMENT

facebook - twitter on Facebook & Twitter

Follow on TwitterFollow IBJ on Facebook:
Follow on TwitterFollow IBJ's Tweets on these topics:
 
Subscribe to IBJ
  1. I am a Lyft driver who is a licensed CDL professional driver. ALL Lyft drivers take pride in providing quality service to the Indianapolis and surrounding areas, and we take the safety of our passengers and the public seriously.(passengers are required to put seat belts on when they get in our cars) We do go through background checks, driving records are checked as are the personal cars we drive, (these are OUR private cars we use) Unlike taxi cabs and their drivers Lyft (and yes Uber) provide passengers with a clean car inside and out, a friendly and courteous driver, and who is dressed appropriately and is groomed appropriately. I go so far as to offer mints, candy and/or small bottle of water to the my customers. It's a mutual respect between driver and passenger. With Best Regards

  2. to be the big fish in the little pond of IRL midwest racin' when yer up against Racin' Gardner

  3. In the first sentance "As a resident of one of these new Carmel Apartments the issue the local governments need to discuss are build quality & price." need a way to edit

  4. As a resident of one of these new Carmel Apartments the issue the local governments need to discuss is build quality & price. First none of these places is worth $1100 for a one bedroom. Downtown Carmel or Keystone at the Crossing in Indy. It doesn't matter. All require you to get in your car to get just about anywhere you need to go. I'm in one of the Carmel apartments now where after just 2.5 short years one of the kitchen cabinet doors is crooked and lawn and property maintenance seems to be lacking my old Indianapolis apartment which cost $300 less. This is one of the new star apartments. As they keep building throughout the area "deals" will start popping up creating shoppers. If your property is falling apart after year 3 what will it look like after year 5 or 10??? Why would one stay here if they could move to a new Broad Ripple in 2 to 3 years or another part of the Far Northside?? The complexes aren't going to let the "poor" move in without local permission so that's not that problem, but it the occupancy rate drops suddenly because the "Young" people moved back to Indy then look out.

  5. Why are you so concerned about Ace hardware? I don't understand why anyone goes there! Every time ive gone in the past, they don't have what I need and I end up going to the big box stores. I understand the service aspect and that they try to be helpful but if they are going to survive I think they might need to carry more specialty parts.

ADVERTISEMENT