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December 2, 2009

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Fraud victims to get money back

Tuesday, June 29, 1999 | 11:44 a.m.

Nevadans who invested in "United Foundations for Life Enhancement Programs" will receive most their money back, the state Attorney General's Office said Monday.

Deputy Attorney General Matthew Gabe said the victims invested anywhere from $1,000 to $7,000 and were promised a return of $60,000 over a three-month period for a $1,000 buy-in.

A civil suit was filed by the Attorney General's office against Infinity Capital Group, BBDS Alliance, James Ivy Dean of Texas, and Anthony Burton and Sanford Lowell Campbell of California, accusing them of misrepresentation, failing to register the securities and failing to get licenses for their sales representatives.

Gabe said the investors will get nearly $1 back for each $1 spent.

The money will be distributed over the next few weeks, Gabe said. The defendants signed a consent judgment with the attorney general's office.

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