Kansas
Arizona man ordered to pay thousands for securities fraud in Kansas
TOPEKA, Kan. (WIBW) – An Arizona man has been ordered to be $550,000 to 2 Kansas victims in a securities fraud case. Kenneth Marg, 68, of Scottsdale, Arizona, pleaded responsible in September 2022 to 2 counts of securities fraud.
In response to a information launch from Lawyer Normal Derek Schmidt, his case stems from an investigation by the Workplace of the Kansas Securities Commissioner surrounding Marg’s Arizona enterprise soliciting funding cash from individuals in Kansas. A Johnson County Courtroom choose ordered Marg to pay the victims, and serve 60 days in jail as a part of a 3-year probation sentence.
One other man who labored for Marg, Daniel Madasz of Raymore, Missouri was convicted in February 2021 for securities fraud and appearing as an unregistered funding advisor. He was sentenced to 12 months in jail and ordered to pay $550,000 in restitution.
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