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Tag: Securities and Exchange Commmission


McGinn, Smith indicted on fraud charges

February 1, 2012Tess Nacelewicz

ALBANY, N.Y.—Security industry investors Timothy McGinn and David L. Smith—already being sued by the Securities and Exchange Commission on a claim they bilked investors of at least $80 million in a Ponzi scheme—now are facing criminal charges that could send them to prison for years, if convicted.A New York grand jury last week indicted McGinn, 63, and Smith, 66—the founders of an investment firm based here that conducted dealings in the alarm industry—on 30 counts that...

David L. Smith, Firstline Security, Integrated Excellence, Ponzi, Richard Hartunian, SEC, Securities and Exchange Commmission, Timothy McGinn

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