FOR IMMEDIATE RELEASE
December 28, 2021 
Contact: JoDonn Chaney, (573) 526-0949

 

Ashcroft’s Securities Division has Banner Year Protecting Missouri Investors  

Jefferson City, Mo. — Secretary of State Jay Ashcroft’s securities division had a busy 2021--filing 16 actions in the form of petitions and consent orders, and collecting nearly $400,000 in restitution, civil penalties and investor education payments.

Ashcroft selected five orders that highlight the hardworking efforts by the division to protect Missouri investors: 

 

  • Final order against Retire Happy, LLC, Julie Minuskin, and Joshua P. Stoll:

Commissioner David Minnick ordered Nevada-based company Retire Happy, LLC, it’s CEO Julie Minuskin and their top salesperson Joshua P. Stoll to pay more than $700,000 in restitution after they defrauded 12 Missouri investors from St. Peters, St. Charles, Rolla, Independence, Hillsboro, Gerald, Crane, Chesterfield, Pleasant Hill, and Catawissa. These people lost most of their retirement savings due to the marketing of unregistered securities to the unsuspecting Missourians.

 

  • Final order against Golden Genesis, Inc., Thomas Casey and Dennis Di Ricco:

Commissioner Minnick ordered a Nevada-based company, Golden Genesis, Inc. and two executives, Thomas Casey and Dennis Di Ricco, to pay an aggregate $1.6 million for defrauding seven Missouri investors. The final order included $400,000 in restitution to be returned to investors.

 

  • Final order against Monarch Capital Investment Fund, LLC and Timothy Peabody:

Monarch Capital Investment Fund, LLC and CEO Timothy Peabody were ordered to pay $760,000 after the company illegally sold promissory notes to four Missouri investors through Retire Happy, a Nevada based company, operating as an unregistered agent.

 

  • Consent order against Green Clinic, LLC:

Restitution for Missouri investors in the Kansas City and Poplar Bluff areas was ordered by Commissioner Minnick, as well as for out-of-state residents who invested more than $520,000 in a fledgling business opened in response to the constitutional amendment creating the Missouri Medical Marijuana Program.

 

  • Consent order against Theodore Eddings:

Republic, Missouri resident Theodore Jay Eddings was ordered to pay an aggregate amount of $305,000 in civil penalties, restitution, and investor education payments after he marketed investment contracts to eight individuals from five states including one Missouri investor. Eddings made false claims that their investments would yield high returns in the form of profits from hunting companies he claimed to own and run. The companies did not exist/never existed.

“We wanted to share some of the ways we have worked to safeguard Missourians and their investments from fraud,” Ashcroft said. “These five cases provide a snapshot of how our office fights to hold the wrongdoers and companies accountable and seek repayment for aggrieved investors.”

Ashcroft urges all investors to know the risks. If you have any questions about an investment opportunity or wish to check the background and registration status of a financial adviser, please call the toll-free investor protection hotline at 800-721-7996, or go online to www.missouriprotectsinvestors.com to file a complaint.

Find a full list of orders issued by securities here: https://www.sos.mo.gov/securities/orders

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Visit www.sos.mo.gov to learn more about the Office of the Missouri Secretary of State.