U.S. Securities & Exchange Commission
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U.S. Securities and Exchange Commission

W.L. Ware Enterprises and Investments, Inc.
and Warren L. Ware

On January 27, 2004, the SEC obtained a temporary restraining orders and asset freezes against W.L. Ware Enterprises and Investments, Inc. and its principal, Warren L. Ware, in connection with a Ponzi scheme. The SEC alleged that the defendants perpetrated an affinity fraud, raising at least $16.5 million from mostly African Americans and Christians by falsely representing they would receive returns through investments in, among other things, real estate, small businesses, and "markets of the world." For more information about the SEC's action, you can read Litigation Release No. 18557 (Jan. 29, 2004).

The Court appointed Michael I. Goldberg as Receiver. He has set up an information hotline at 1-866-898-2039. You also can find information on the Receiver's website.



Modified: 02/12/2004