Local well know Navarre Chamber of Commerce President seems to be in a lot of trouble. It’s even funnier when you know she accused someone else of fraud and has a libel suit against her for those comments. So I have to tip my hat to you Judy. When you mess up you do it with exuberance!
Judy, out of curiosity. If you are a resident of Alabama why are you running a Florida chamber of commerce?
Dothan Eagle :
Two people with ties to Henry County face securities fraud charges.
Judy Kay Morehead, a resident of Henry County and her son Benjamin Wayne Morehead, a resident of Baldwin County and former Henry County resident, turned themselves in to Henry County authorities based on an indictment returned by the Henry County Grand Jury in March.
According to the Alabama Securities Commission (ASC), Judy Morehead faces the following charges: one count of conspiracy to commit securities fraud and one count of sale of securities by an unregistered agent. Additionally, Morehead is charged with one count of engaging in an act, practice or course of business which operates or would operate as a fraud or deceit upon any person; and two counts of fraud in connection with the sale of securities, more specifically described as omitting to the state material facts and making untrue statements of material facts to investors. She is currently out on a $40,000 bail.
The conspiracy and registration charges are Class C Felonies, punishable by a possible maximum of 10 years imprisonment and a $15,000 fine per charge, upon conviction. All other charges are Class B Felonies, punishable by a possible prison sentence of two to 20 years, and a $30,000 fine per charge, upon conviction.
According to the ASC, Benjamin Morehead faces the following charges: one count of conspiracy to commit securities fraud, one count of sale of securities by an unregistered agent and one count of sale of unregistered Securities. Additionally Morehead’s charges include one count of fraud in connection with the sale of securities, more specifically described as omitting to state material facts and making untrue statements of material facts to investigators. He is currently out on a $20,000 bail.
A jury trial has been set for Oct. 2.