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Securities Fraud

JustInfo defrauded investors of $2.8 million, and skimmed at least $1 million of it, selling unregistered securities in a Ponzi scheme, the SEC claims in a federal complaint.

LOS ANGELES — JustInfo, run by David Weddle of Somerset, Kentucky, assisted by Scott Allensworth, California, defrauded investors of $2.8 million, and skimmed at least $1 million of it, selling unregistered securities in a Ponzi scheme, the SEC claims in a federal complaint.

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