According to the U.S. Attorney’s Office for the Northern District of Ohio,
four Ohio men were indicted for their role in an alleged $7 million investment scheme. Prosecutors
say the men traveled the U.S. selling unregistered securities and using
various false and misleading statements to do so.
The indictment names the following men, all allegedly affiliated with Medical
- Kenneth Jackson
- William Schureck
- Dennis Deciancio
- Daryl Dane Donohue
The indictment says that Jackson founded Medical Safety Solutions in 2007.
Allegedly, Jackson, Schureck, Deciancio, and Donohue sold shares of Medical
Safety Solutions to investors throughout the country even though the shares
were not properly registered as required by law..
The indictment claims that the four men used various false and misleading
statements to procure investments in MSS and the product “Sharps
Terminator.” For example, the men allegedly claimed that the Sharps
Terminator device had been approved by the Food and Drug Administration
when, in reality, it had not.
The indictment states that investors in MSS and the Sharps Terminator sustained
losses of approximately $7 million over a five-year span. One of the men
involved in the scheme allegedly gambled away more than $3 million in
his investors’ money. An indictment is only a charge and is not
evidence of guilt.
Contact Meyer Wilson if you or someone you know has lost money through
investment fraud or misconduct. We represent investors to help them recover
losses from investment-related misconduct.Contact us today for a
free case review to learn how we might be able to help you!