CFO-5, Trinity Int’l Accused of Bank Fraud

     DENVER (CN) – The Securities and Exchange Commission charged CFO-5, Trinity International Enterprises and their directors with prime bank fraud for taking more than $5.1 million from at least 100 investors nationwide.

     The defendants never used the investment money to trade in European medium term notes, as promised, but kept the funds or paid them out to new investors in “Ponzi scheme-like payments,” according to the federal complaint.

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