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Conviction of Hanson Holdings owner of securities fraud

Staff Writer |
Missouri Attorney General Chris Koster announced that Christopher Hanson, owner of Hanson Holdings and IBS Investments pleaded guilty to one count of securities fraud and two counts of violations of securities law related to an investment scheme he perpetrated.

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Hanson had previously been served with a cease and desist order issued by the Missouri Securities Commissioner after Hanson had sold over one million dollars in securities despite Hanson not being licensed to sell securities in Missouri and the securities not being registered.

Hanson had promised those investors that their money was going to purchase bonds and other investments, but the money was actually used to pay off prior investors and for Hanson’s personal use.

Hanson was prosecuted by the U.S. Attorney for the Western District of Missouri and was sentenced to 33 months for that scheme.

Ignoring the cease and desist order, Hanson continued to sell unregistered securities. In 2012, he promised a victim a $450,000 business loan provided the victim first make Hanson a “bridge loan” of $20,000.

Hanson promised that, once the proceeds from the loan were released to the victim, the victim would get back his $20,000 investment and $10,000 in profit. Instead, Hanson used the victim’s money for his own personal use and never returned his investment or provided him with a loan.

After accepting Hanson’s guilty pleas, Greene County Circuit Court Judge David Jones sentenced Hanson to a total sentence of five years in prison to be served concurrently with his federal sentence.

Koster worked with the Securities Division of the Missouri Secretary of State’s Office in pursuing this case.

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