Investigation by Secretary of State Prosecution Assistance Unit leads to securities fraud charges against Indianapolis man
FOR IMMEDIATE RELEASE
May 3, 2010
Majik Moore operated Got Cha Bak real estate company; also continues to be the subject of a lawsuit filed by the Attorney General
INDIANAPOLIS - An investigation by Indiana Secretary of State Todd Rokita's Prosecution Assistance Unit (PAU), part of the Indiana Securities Division has resulted in the filing of four felony charges for alleged violations of the Indiana Securities Act. Majik Moore, of Indianapolis, was arrested and charged with selling unregistered investments in a real estate company and committing fraud within those transactions.
Based on an Indiana Securities Division’s PAU investigation of Moore and his real estate company Got Cha Bak, criminal charges were filed by the office of Marion County Prosecutor Carl Brizzi. A civil lawsuit was filed by the Attorney General against Majik Moore last year and is ongoing. In addition, in August of 2009 Indiana Securities Commissioner Chris Naylor ordered Moore to cease and desist from offering investments as part of an administrative action that is still pending.
“I applaud the professionals in the Prosecution Assistance Unit for their diligent work in investigating this case and working with the Marion County Prosecutor's Office to bring charges,” said Secretary Rokita.
Moore now faces two criminal charges of securities fraud and two charges of selling unregistered securities, all Class C felonies carrying a possible sentence of two to eight years in prison.
Moore was also charged with 6 counts of theft, a class D felony.
The counts described are allegations. Moore is presumed innocent until proven guilty.
Last July, following consumer complaints that homeowners paid Moore thousands of dollars for advice that proved worthless, the Attorney General’s office obtained a temporary restraining order and preliminary injunction against Moore after filing a lawsuit against him for violations of Home Loan Practices Act, Indiana Deceptive Consumer Sales Act, and the Credit Services Organizations Act.
“The Attorney General’s office worked collaboratively in this investigation to obtain documents and to interview witnesses necessary to file the civil action and criminal charges against Moore so that this individual is held accountable,” said Deputy Attorney General Gabrielle Owens, section chief of the Attorney General’s Homeowner Protection Unit.
About the Prosecution Assistance Unit:
In 2004, Indiana Secretary of State Todd Rokita created the Prosecution Assistance Unit within the Securities Division of the Secretary of State’s Office. Its sole purpose is to assist police and prosecutors in investigating and prosecuting criminal violations of the Indiana Securities Act and the Indiana Loan Brokers Act. The investigators and attorneys in the unit collectively have over 72 years of experience in investigating and prosecuting criminals. Since its inception, the Unit has helped to convict 48 criminals in state and federal courts across Indiana in cases that have resulted in over 300 years of time sentenced. In addition, courts have ordered defendants to pay over $29.9 million in restitution to crime victims.