Newspaper article The Topeka Capital-Journal

Fraud Case Closed

Newspaper article The Topeka Capital-Journal

Fraud Case Closed

Article excerpt

The Kansas attorney general said Wednesday a Pennsylvania man entered guilty pleas to felony charges of selling unregistered securities that cost investors $800,000.

Kevin C. Brown, 51, was accused of misconduct that transpired in Shawnee County from December 2011 to April 2013. His guilty pleas to four charges were accepted Tuesday by District Court Judge Nancy Parrish, who scheduled sentencing for Dec. 19.

In 2015, the U.S. Securities and Exchange Commission entered into a consent agreement accusing Brown of participating in a collection of companies tied to three multimillion-dollar frauds from 2008 to 2014, including a Ponzi scheme.

The Kansas case was the first prosecuted under authority granted by the 2017 Legislature to the office of Attorney General Derek Schmidt to handle financial crimes previously the domain of the Kansas Securities Commission. …

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