2002
On February 13, 2002, Cameron O. Bailey was indicted by a Dallas County Grand Jury in connection with the sale of offshore certificates of deposit issued by Cambridge International Bank & Trust Company, Ltd. as well as for selling Taormina Omne SRL promissory notes. The grand Jury handed down 24 indictments involving sales alleged to have occurred during the period from October 1999 through November 2000, involving over $600,000. The offenses alleged are securities fraud as well as violation of the dealer registration and securities registration provisions of the Texas Securities Act. The Securities Board acknowledges the assistance of many law enforcement agencies including the Texas Department of Insurance, the San Jose FBI, the Specialized Crime Division of the Dallas County District Attorney and the Dallas Police Department.