Syndicated Radio Show Host Charged With Securities Fraud

Today, the Securities and Exchange Commission (SEC) filed a securities fraud lawsuit against Barbara Alexander, a syndicated radio talk show host based in Monterey, California, who hosted a show for entrepreneurs called MoneyDots. According to the SEC’s complaint filed in San Jose federal district court, Alexander and two other executives at APS Funding misappropriated $2.5 million dollars from investors who thought they were investing in short-term loans secured by real estate offering an annual yield of 12 percent. The SEC alleges that the High Yield Investment Program (HYIP) was nothing more than a Ponzi scheme where fictitious returns reported to investors really came from new investors rather than actual income earned. This year, the SEC, FBI and U.S. Attorney’s office have stepped up their efforts to punish those who commit securities fraud. As reported in a recent blog posting, the FBI has reported a 105% increase in high yield investment fraud investigations

See related Monterey Herald news article: “MoneyDots” Talk Show Host Freed