Securities Fraud

Michael Douglas Billings, 59, of Dallas, Texas, and his MDB Group “sold <a href="http://www.courthousenews.com/wp-content/uploads/2020/01/Securities-fraud-3.pdf"><strong>millions of dollars in unregistered promissory notes</strong></a> fraudulently offered by [nonparties] Arthur Lamar Adams … and Madison Timber Properties,” without registering as a broker, the SEC claims in federal court.

JACKSON, Miss. — Michael Douglas Billings, 59, of Dallas, Texas, and his MDB Group “sold millions of dollars in unregistered promissory notes fraudulently offered by [nonparties] Arthur Lamar Adams … and Madison Timber Properties,” without registering as a broker, the SEC claims in a federal complaint.

Categories / Securities

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