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‘Private Bank’ Owner Convicted Of Fraud

September 16, 2011 by  

KANSAS CITY, Mo., Sept. 16 (UPI) — A Missouri man found to have made $100 million from selling worthless financial documents was found guilty of 21 federal fraud charges.

Prosecutors said Denny Ray Hardin, 52, used his home computer to create 2,000 “bonded promissory notes” he claimed to have backed by a U.S. Treasury Department account and sold them for a fee at the “Private Bank of Denny Ray Hardin,” which he ran out of his Kansas City home, The Kansas City Star reported Thursday.

Hardin threatened creditors who refused to accept his notes with legal action, prosecutors said.

Hardin was convicted in U.S. District Court in of 11 counts of creating fictitious obligations and 10 counts of mail fraud. He faces up to 30 years in prison.

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  • Ashamed American

    Media propaganda. He did not sell $100 million. His trial was a mockery of Justice where the judge and the prosecutor’s only evidence was heresay. No signed complaint of injury. All his evidence was taken out of the court record. No jurisdiction proven on the record. It is not hard to get a quilty verdict when the prosecution does not have to produce any real evidence. Organized crime at it’s finest. Denny’s only fault was trying to help people that the big banks have screwed. Not one person on the witness stand had filed a complaint. A dog and pony show and false media crap. Not one member of the media was there for the trial and only printed what they were paid to print.

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