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Secretary of State

Securities Division > News Archive  > 2003 Press Releases > For Immediate Release: June 19, 2003 Secretary of State Todd Rokita Holds Roundtable with County Prosecutors

Contact: Cam Savage

Secretary of State Todd Rokita Holds Roundtable with County Prosecutors
Talks Focus on Joint Effort to Prosecute Securities, Election Fraud

Indianapolis, IN - Secretary of State Todd Rokita met with Central Indiana Prosecutors and Deputy Prosecutors in the second of nine planned roundtable discussions directed at coordinating efforts between the Secretary of State's Office and County Prosecutor's Offices when it comes to investigating and prosecuting violators of the Indiana Securities Act.

"I fully intend to do everything in my power to help them put these white-collar criminals behind bars," Rokita said. "Cooperation between the Securities Division of my office and county prosecutors at the local level will ensure better investigations and lead to more convictions of people who commit fraud. All of this is very good news for Hoosier investors and bad news for scam artists."

Boone County Deputy Prosecuting Attorney Jeff Edens who attended the meeting said, "With the baby boomers soon tapping into their retirement funds, I'm afraid that securities fraud will become all too common. It's great to know that local prosecutors have the experience and know how of the Secretary of State's office to tap into when needed."

Indiana Securities Commissioner Jim Joven attended the meeting and made a presentation outlining specific duties of the Securities Division. Joven presented several examples of recent cases where the Indiana Securities Division aided county prosecutors in investigations of securities fraud that ultimately resulted in convictions. On Tuesday, June 17, prosecutors in Bartholomew County won a conviction in a securities fraud case that originated with an investigation by the Secretary of State's office. The violator was sentenced to three years in prison, five years probation and restitution of $5,500,000.

Although much of the meeting was directed at addressing opportunities to combat violations of the Indiana Securities Act, Secretary Rokita and the prosecutors also discussed coordination efforts for procedures aimed at addressing potential criminal actions surrounding the upcoming municipal elections in November.

"As the chief election office of the state, it's my duty to make sure that Indiana's elections are administered as fairly as possible. From time to time, people think they can cheat the system by stuffing the ballot box or committing some other election law violation. I want prosecutors to know that when election fraud occurs, they will have my support as they prosecute violators in their counties," Rokita said.

Attendees of the Roundtable included United States Attorney Susan Brooks, Johnson County Prosecutor Lance D. Hamner, Hendricks County Prosecutor Patricia Ann Baldwin, Clay County Prosecutor David Thomas, Boone County Deputy Prosecutor Jeff Edens and Hamilton County Deputy Prosecutor David Najjar.