Home | News | Contact Us | Subscribe | Advertise | Classifieds
Subscription Home The Times of Noblesville, IN | Noblesville, in

Subscription Login
LOGIN | SUBSCRIBE

Home

News
• Local News
• County News
• Hamilton North
• Sheridan
• Westfield
• Fishers
• Carmel
• State News
• School News
• Health News
• Entertainment
• Business News
• Engagement Announcement
• Wedding Announcements
• Anniversary Announcement
• Special section: Soil & Water Conservation District, Feb. 23, 2015
• Memorial Day service, Hamilton County War Memorial, Noblesville, May 25, 2015
• Meeting agendas
• Marriage Licenses
• Health & Awareness special section, Oct. 30, 2015
• Election Fall 2015 candidates
• Dean's list
• Club News
• Birth Announcement
• 2016 May Primary Election
• 2015 May primary election
• 2015 Hamilton County 4-H Fair
• 2014 General Election
Sports
Obituaries
Opinion Page
Columnists
E-Edition
Photo Galleries
Calendar
Traffic Cams
Community
Classifieds
Notices
Closings
Life
Extras
Webcasts
Links
The Times Video
Police Blotter
Faith
Puzzles
Marriage licenses
Newspapers In Education
2017 Readers' Choice


ASK AN EXPERT SPOT CAN BE YOURS!
The Times
Expertise: Hamilton County's Only Local Online News Source
920 S. Logan St, Suite 101 Noblesville, IN 46060
317.770.7777
TheTimes24-7.Com




home : news : local news September 25, 2017


9/11/2017
Final member of Dane Group sentenced for securities fraud
The Times


INDIANAPOLIS - All three members of The Dane Group, a capital investment firm located in Fishers, have been convicted of securities fraud following an investigation by Indiana Secretary of State Connie Lawson's office.

The Dane Group was formed in 2012 by Bruce McIntyre, Shelly Guzman and Fennis Bledsoe to provide capital to expanding businesses. Together, the partners sold unregistered short-term promissory notes to at least 4 Hoosiers totaling over $375,000 from 2013-2014. Bank records show the funds as being used for personal expenses, contrary to the expectations of the victims.

On Sept. 7, Fennis "Nick" Bledsoe, the final member of the group to face a judge, was sentenced to 3 years in the Indiana Department of Correction. Earlier this year, McIntyre and Guzman were charged with 15 felony counts including securities fraud, the sale of unregistered securities, acting as unlicensed agents, and corrupt business influence. Bledsoe was charged with 5 felony counts included aiding the unlawful sale of securities, aiding in securities fraud and corrupt business influence. All charges were Class C felonies.

"Any financial transaction of this nature, no matter the size, should be verified before the money changes hands," said Secretary Lawson. "We urge Hoosiers to do their homework and to contact the Secretary of State's office to report suspicious financial products or activity. I want to thank Hamilton County Prosecutor D. Lee Buckingham and his team for pursuing the matter."

This is not the first time investors have fallen prey to members of The Dane Group. McIntyre has previously pled guilty to embezzlement, forgery and federal securities charges. McIntyre is currently married to Guzman, although Guzman was romantically involved with Bledsoe during the period in which the crimes occurred. Additionally, Guzman's three children each received a paycheck from The Dane Group during that time.

McIntyre pled guilty to securities fraud and corrupt business influence and was sentenced to 6 years in the Indiana Department of Correction and ordered to pay $382,593.53 in restitution to 4 Indiana residents. Guzman pled guilty to securities fraud and corrupt business influence and was sentenced to 4 years in the Indiana Department of Correction and ordered to pay $300,000 in restitution to 1 Indiana resident.







Article Comment Submission Form
Please feel free to send us your comments.

Article comments are not posted immediately to the Web site. Each submission must be approved by the Web site editor, who may edit content for appropriateness. There may be a delay of 24-48 hours for any submission while the web site editor reviews and approves it.

Note: All information on this form is required. Your telephone number is for our use only, and will not be attached to your comment.
Submit an Article Comment
First Name:
Required
Last Name:
Required
Telephone:
Required
Email:
Required
Comment:
Required
Passcode:
Required
Anti-SPAM Passcode Click here to see a new mix of characters.
This is an anti-SPAM device. It is not case sensitive.
   



Advanced Search



ExtrasWebcasts
Home | News | Contact Us | Subscribe | Advertise | Classifieds

© 2017
The Times
a division of Sagamore News Media
920 S. Logan St, Suite 101 Noblesville, IN 46060
(317) 770-7777


Software © 1998-2017 1up! Software, All Rights Reserved