Securities Division shuts down coin case manufacturing scheme

[Arizona Coin Collector]

FROM:
http://www.ksdk.com/news/local/story.aspx?storyid=169075

Securities Division shuts down coin case manufacturing scheme

KSDK -- The Securities Division of Secretary of
State Robin Carnahan's Office has issued a cease
and desist order to a Lincoln, Missouri man who
offered unregistered investments while promising
jobs to his community and to make any shareholders
wealthy.

In January 2006, David Cooper told prospective
investors that he planned to start a manufacturing
company in the Warsaw area that would build acrylic
capsules designed to hold and store rare coins.
According to the cease and desist order, he told
investors there was no risk to their investment.

Cooper continued to solicit investments through
August 2007 for laser equipment, marketing staff
and assembly workers. By January 2008 Cooper told
investors his company was out of money.

Investors in the Warsaw area lost over $20,000
as a result.

Neither Cooper nor his two companies were registered
with the state to offer or sell investments.

For more information on investments and fraud
protection, visit the Secretary of State's Missouri
Investor Protection Center at
http://www.missourisafesavings.com or call the
Investor Protection Hotline at 1-800-721-7966.

KSDK