Wednesday, December 31, 2008

Securities Department Seeks Greenbrier Insurance Agent

Arkansas Business - Arkansas Business Staff

The Arkansas Securities Department is looking for Terry Mitchell, a Greenbrier insurance agent who allegedly lured investors into a Malaysian Ponzi scheme and other fraudulent investments.

On Tuesday, Securities Commissioner Heath Abshure amended the lawsuit he filed against Mitchell in June to reflect that the total amount of fraudulent securities he had sold in Arkansas had increased to $92,000 and the number of alleged victims had increased to 10.

Assistant Commissioner Theodore Holder, lead counsel in Mitchell's case, filed an affidavit saying that process servers had been unable to find Mitchell, who did business in Greenbrier as Advantage Financial Services although there was no such business entity.

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Securities Department Seeks Greenbrier Insurance Agent


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