Local News

Ohio Authorities Announce Settlement Over Investment Site

COLUMBUS, Ohio (AP): Authorities have announced a settlement with two Ohio residents accused of using their charity to solicit funds for an alleged international pyramid scheme.
 
Ohio Attorney General Mike DeWine and the Ohio Department of Commerce say the individuals have agreed not to hold a position with a charitable organization and not to sell securities in Ohio.
 
The agreement announced Thursday and filed in Williams County court says Nancy Jo Frazer, of Bryan, and Albert Rosebrock, of Sherwood, violated Ohio's securities and charitable laws by using their charity, previously known as Focus Up Ministries, to solicit investments for Profitable Sunrise.
 
The state says Profitable Sunrise claimed to be a Christian company that would use investment proceeds to help charities and provide investors with large returns.

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