Investors allegedly defrauded of $5 million in Bahamas/Florida bond scheme
The SEC has obtained a federal court order against a Bahamas-registered IBC, a Florida company and businessmen in the United States who participated in an allegedly fraudulent bond sale and prime bank note scam that earned nearly $5 million. According to the SEC's complaint, the bonds offered for sale were historical bonds, including those issued in the 19th Century by now defunct railroads and allegedly backed by gold.