Bentley Financial Services, Inc.
On October 24, 2001, the SEC obtained temporary restraining orders and asset freezes against Robert L. Bentley, Bentley Financial Services, Inc., and Entrust Group, in connection with a Ponzi scheme. The SEC alleged that the defendants purported to sell bank-issued certificates of deposits to investors. In fact, the defendants sold $370 million worth of privately issued notes to approximately 250 investors, including a large number of regulated financial institutions. For more information about the SEC's action, you can read Litigation Release Nos. 17201 (Oct. 23, 2001), 17206 (Oct. 25, 2001), 17228 (Nov. 13, 2001), and 17298 (Jan. 9, 2002).
The Court also appointed David H. Marion as Receiver to collect and distribute assets. For the latest information on the Receivership, please visit the Receiver's website.