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Secretary of State's Office Seeks to Extradite Fugitive in $130,000 Scam
Posted Date: 2/26/2010
(Carson City, NV, February 26, 2010) -- Investigators with Secretary of State Ross Miller’s Securities Division are preparing to bring a man wanted for bilking a Las Vegas woman out of $130,000 back from Colorado to face four criminal felony counts in Nevada.

Mark Douglas Jones, age 42, was arrested Tuesday night in Colorado after the Securities Division received critical information from a Colorado citizen. Jones had fled Nevada shortly after coming under investigation in January, 2005.

Jones allegedly scammed the 44-year old victim out of $130,000 she had after selling a home in Rhode Island. Jones told her she was investing in Eaglefinger Enterprises, Inc., a non-profit company that aided abused women, children, and Native Americans. She was reportedly also told she would earn a 2% per month return on her investment for two years and then get her entire principal investment returned, as well.

“Once again, I’d like to remind Nevadans of the very old, but very sound adage, that if it sounds too good to be true, it probably is a scam,” Secretary Miller said of the arrest. “No legitimate investment is risk-free. No legitimate securities broker would guarantee a return. These are red flags that every potential investor must be aware of.”

Investigators say Jones withdrew the victims’ money as cash, used some for travel and disbursed the rest to other individuals.

The criminal complaint against Jones says he failed to make numerous disclosures to the victim, including details about the company and the investment contract he offered, and failed to tell her that the security he offered was unregistered and that he was not licensed as a broker-dealer in Nevada.
The Attorney General’s office is preparing the documents to extradite Jones from Colorado to Nevada. Here, he will be charged with four felony counts of securities fraud, offering to sell an unregistered security, transacting business as an unlicensed dealer, and theft.

As in all criminal matters, the Office of Secretary of State cautions that allegations are merely accusations and individuals are presumed to be innocent until proven guilty in a court of law.

Nevadans with questions about safely investing their money should call the Secretary of State’s Securities Division at 1-800-758-6440.