Indiana Investors Face Possible $1.6 Million Fraud Loss
Two men, Martin McClary of Indiana, and Parry Wayne Clark of Florida, stand accused of bilking more than $1.6 million from 33 investors to whom they’d promised “big returns.” In some cases, the duo even promised prospects the chance to double their money in a year. However, through shell companies, McClary and Clark took in money and used it in ways the investors hadn’t agreed to. The duo now faces 23 felony counts for securities fraud , and for violations of securities