Columbus Man Indicted in $600,000 Investment Fraud Scheme

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INVESTMENT FRAUD,SECURITIES FRAUD,GRAND THEFT

Tom Manning, a Columbus resident, faces 19 charges for allegedly defrauding investors in a scheme involving promissory notes issued by his company, Blue Logic Capital.

A grand jury has indicted a Columbus man on numerous charges related to investment fraud. The Ohio Department of Commerce Division of Securities said Tom Manning had solicited at least five people from Central Ohio to invest more than $600,000 in promissory notes issued by his company, Blue Logic Capital for various projects including home construction and renovation. Manning is accused of misappropriating those investor funds for his personal use or to repay others.

The indictments also allege Manning had not properly registered the promissory notes with the Division of Securities and had omitted material facts from his investors.“This case is an unfortunate reminder that there are individuals who will attempt to manipulate and steal from others for their own gain,” Ohio Securities Commissioner Andrea Seidt said in a media release. “The Ohio Division of Securities will continue to work tirelessly to protect Ohioans and their investments, and hold accountable those who attempt to defraud others.” Manning was indicted on 19 charges related to the case including unlawful securities practices, grand theft, false representation in the sale of securities, and securities fraud

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Columbus Man Indicted on Investment Fraud ChargesTom Manning faces 19 charges for allegedly soliciting over $600,000 from Central Ohio investors for Blue Logic Capital, misappropriating funds for personal use and failing to register securities properly.
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