Feb 5
2008

Richard A. Taff, of Mission, Texas, was indicted on February 5, 2008, in the 93rd District Court of Hidalgo County, Texas, Cause Nos. CR-254-08-J and CR-255-08-J, on charges of selling unregistered securities, selling securities without a license, and securities fraud. Taff allegedly sold share certificates in the South Valley Investment Club and the Upper Valley Investment Club at a time when neither he nor the investment was registered with the Securities Commissioner.