Ridgeland, Mississippi Man Indicted, Charged With Alleged Securities Act Violations

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Ridgeland, Mississippi Man Indicted, Charged With Alleged Securities Act Violations

Last month, Samer N’Ser of Ridgeland, Mississippi was arrested for multiple alleged violations of the Alabama Securities Act. N’Ser turned himself in to the Madison County, Alabama Sheriff’s department and was subsequently released after posting a $45,000 bond.

N’Ser’s arrest follows an April 2014 Madison County Grand Jury indictment charging him with eighteen counts, including one count each of Sale of Unregistered Securities, Sale of Securities by an Unregistered Agent and Conspiracy to Commit Securities Fraud. The remaining fifteen counts were for Fraud in Connection with the Sale of Securities, including omissions of material facts in the sale of securities, misrepresentation of material facts in the sale of securities and employing a device, scheme or artifice to defraud. When the crimes were allegedly committed, all charges were classified as Class C Felonies under Alabama law, punishable by from one to ten years’ imprisonment and up to a $15,000 fine per charge, upon conviction.

According to the indictment, N’Ser was acting as an officer for Jackson, Mississippi-based Samarion, Inc. when he allegedly illegally offered and sold shares of the company’s stock to Alabama investors without being registered with the Alabama Securities Commission to conduct securities business in the state.

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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