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December 1, 2009

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‘Personable’ LV man sentenced for stock fraud

Wednesday, May 24, 2000 | 11:04 a.m.

A 44-year-old Las Vegas man was sentenced to 24-60 months in state prison and ordered to pay $17,000 in restitution for securities fraud.

Jessie S. Williams was sentenced for committing one count of securities fraud in an investment scheme where he defrauded up to six Las Vegas and Henderson investors out of thousands of dollars, said Matthew Gabe, deputy attorney general.

An investigation by the state Securities Division found Williams fraudulently represented himself as a licensed stockbroker with Merrill Lynch to his victims, whom he met while playing golf, said a statement from the AG's office.

He also claimed to hold a seat on the New York, Chicago and Pacific Stock Exchanges and would offer to make investments for the victims, the statement said.

"He was very personable. All this happened in 1996-97 and there was a complaint filed against him around that time," Gabe said. "But he wasn't picked up until 1998 ... There was an outstanding arrest warrant for him for about a year. He pled guilty in 1999."

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