Joseph Leonard, of Greenville, North Carolina, was already on probation
after pleading guilty to securities fraud earlier this year, but he is
now facing new charges for securities fraud in U.S. District Court in
Raleigh. Leonard was arrested on September 12, 2012, for the new alleged
scheme, which would be considered a violation of his probation in connection
with the previous securities fraud charges.
According to the new allegations, Leonard attempted to lure investors into
buying stock in Prosano Systems. He allegedly told investors that the
company offered a “proton beam” therapy for patients with
cancer. Unfortunately, it is believed that Leonard made false statements
to his potential investors in an attempt to lure them into investment fraud.
Previously, Leonard had pleaded guilty to securities fraud in relation
to a similar scheme. In that scheme, he allegedly lured investors into
handing over their cash for investment in a company called Proton Therapy.
In that instance, he was accused of creating fake stock certificates and
using investors’ cash for his own personal expenses.
Leonard’s scheduled appearance in federal court for the new charges
was October 1.
If you or a member of your family has been taken in by an investment scam or
Ponzi scheme, don’t wait until it’s too late to get help and attempt to
recover your losses. The securities fraud lawyers with Meyer Wilson have
more than 50 years of collective experienced representing harmed investors in
stockbroker mediation, arbitration, and litigation, and we’d be happy to discuss your
situation with you in a completely free and confidential legal consultation.
Just give us a call today, or fill out our online contact form for more