April 6, 2015
The SEC charged 12 companies and six individuals with defrauding investors in a scheme involving applications to the Federal Communications Commission (FCC) for cellular spectrum licenses. According to the SEC’s complaint, David Alcorn and Kent Maerki orchestrated the offering fraud through their Arizona-based company
Janus Spectrum LLC. and raised more than $12.4 million, much of which they and their co-conspirators kept for personal use. Those alleged to be involved in the scheme include Daryl G. Bank and his companies
Dominion Private Client Group LLC, Janus Spectrum Group LLC, Spectrum Management LLC, Spectrum 100 LLC, Spectrum 100 Management LLC, Prime Spectrum LLC and Prime Spectrum Management LLC; Bobby D. Jones and his company
Premier Spectrum Group PMA; Terry W. Johnson and Raymon G. Chadwick Jr. and their companies
Innovative Group PMA, Premier Group PMA and
Prosperity Group PMA.
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