Ocean Springs, Mississippi And Pensacola, Florida Men Sentenced In Montgomery County, Alabama For Violating Alabama Securities Act

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Ocean Springs, Mississippi And Pensacola, Florida Men Sentenced In Montgomery County, Alabama For Violating Alabama Securities Act

Martin Franklin Blane of Ocean Springs, Mississippi and Robert Neil Robinson of Pensacola, Florida were sentenced by Montgomery County Circuit Court Judge Eugene Reese to five years in prison, suspended, with three years supervised probation for violating the Alabama Securities Act. Additionally, the Court ordered Blane to pay $81,000 restitution and Robinson to pay $185,520 restitution to victims.

Both defendants were charged with violations of the Act in a November 2013 Montgomery County Grand Jury indictment. Blane was thereafter arrested by the U.S. Marshal’s Fugitive Task Force in Jackson County, Mississippi; Robinson was similarly arrested in Escambia County, Florida. The Alabama Securities Commission’s Enforcement Division investigation found that Blane and Robinson sold shares of stock in Eyewonder, Inc., a company based out of Atlanta, Georgia, to the victim investors. In the end, a third party involved in the sales failed to transfer the shares to the victims. Accordingly, the victims never received anything in return for their investment. According to the ASC’s investigation, neither Blane nor Robinson were registered with the ASC to legally offer and/or sell securities into, within, or from Alabama, as required by law.

If you or someone you know has lost money as a result of an investment, please contact Richard Frankowski at 888-741-7503 to discuss your potential legal remedies.

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