Man charged with defrauding deaf investors

Man charged with defrauding deaf investors

September 9, 2011

By William Spain

CHICAGO (MarketWatch) — The Securities and Exchange Commission has filed
fraud charges against a Texas man in connection with his alleged scheme for
bilking deaf investors out of millions of dollars. The SEC charges that Jody
Dunn, who is also deaf, collected $3.45 million from several thousand people
claiming that he would invest it in on their behalf. Instead, he took some
of their money and used it to pay his mortgage, car payments, insurance and
other personal expenses. The money was supposed to go to Imperia Invest IBC,
shut down by the SEC last year, which promised a guaranteed return of 1.2%
per day. But investors “have never been paid any interest after giving their
money to Dunn,” the SEC said and even after regulators issued an alert about
Imperia, he “continued to reassure investors that Imperia was legitimate.”

SEC vs Jody Dunn – Court Order paperwork (PDF)

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3 comments for “Man charged with defrauding deaf investors

  1. Trina
    September 9, 2011 at 11:48 PM

    This is screwed up! This doesn’t sound like the Jody Dunn I used to know. I am stunned.

  2. September 11, 2011 at 8:04 PM

    This is very screwed up… Jody Dunn needs our money back if he admit the fraud then he will kiss our asses for that situation. It is not COOL !

  3. Highruler
    September 13, 2011 at 8:36 AM

    Everyone I know how you all feel. I would be the same. I know Jody very well. He have been scam by the company IBC. He thought that they are good deal. He try to help other deaf people to investment. However He had ask me and I knew it is scam and told him. He said not they have proof and other kinds of paperwork. I know business well. I have warn him for 7 years. He didnt understand that they are scam. Somehow they gave him money that he have work hard to getting other deaf money and invest to IBC. Million dollars. Now IBC laugh at Jody that he got into trouble. He is not that kind of guy to scam people. He just helpping but got into wrong way. Try to understand how it goes. He is Deaf but didnt know that is scam company IBC. They used him to get your money and now he got trouble and IBC laugh at him. I already forgive him..

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