ALABAMA SECURITIES COMMISSION

770 WASHINGTON AVE, SUITE 570

MONTGOMERY, ALABAMA 36130-4700

 

Telephone: (334) 242-2984 or 1-800-222-1253. Fax: (334) 242-0240

Email:  asc@asc.state.al.us.  Website:  www.asc.state.al.us

 

FOR IMMEDIATE RELEASE

 

MONTGOMERY, ALABAMA (August 15, 2003) - Honorable Randall Houston, District Attorney for the Nineteenth Judicial Circuit, Honorable Joseph P. Borg, Director of the Alabama Securities Commission and Prattville Police Chief Alfred W. Wadsworth announce today that Elaine Jenkins Turner pled guilty before the Honorable Ben Fuller, Circuit Judge, to charges surrounding financial activities involving the proposed expansion of the former Daystar Assembly of God located in Prattville, Alabama.  A sentencing hearing is scheduled for September 11, 2003.

 

Elaine Jenkins Turner pled guilty to two counts of theft of property in the first degree and could face anywhere from 2-40 years imprisonment.  Turner was ordered to pay $200,000 in restitution to the victims. 

 

Of the nine people indicted by an Autauga County, Grand Jury, Mark Steven Cooper and April Sunday Rutledge Cooper are in prison.  Nancilu Carpenter, Donald Cayton, Leonard Miller, William Till and Kelly Vickers pled guilty to charges on July 24, 2003 and will be sentenced September 11, 2003.  A trial for David Wayne Gordon is scheduled for August 18, 2003.

 

The Alabama Securities Commission Enforcement Division opened its investigation in the Daystar matter in July, 2001.  The investigation revealed the alleged misappropriation of funds raised by Daystar Assembly of God Church in the sale of certificates of deposit and loans proceeds for development of the church by Mark Stephen Cooper, Elaine Jenkins Turner, Donald Cayton, Leonard Miller, William Till, April Sunday Rutledge Cooper and Kelly Vickers.  The investigation further showed alleged fraud perpetrated by these individuals as well as Nancilu Carpenter against local banks and lending institutions.  Finally, the investigation revealed alleged violations of the Alabama Securities Act and Theft of Property in the 1st Degree from the sale of promissory notes of a company called Qtrex by Elaine Turner and David Wayne Gordon.  Total loss from all of these alleged acts is approximately $3 million dollars.

 

The Director of the Alabama Securities Commission (ASC) cautions potential investors to thoroughly check out any investment opportunity.  Contact ASC for inquiries regarding securities broker-dealers, agents, investment advisors, investment advisor representatives, financial planners, the registration status of securities, to report suspected fraud, or obtain consumer information: 

 

ALABAMA SECURITIES COMMISSION

770 WASHINGTON AVE, SUITE 570

MONTGOMERY, ALABAMA 36130-4700

 

Telephone: (334) 242-2984 or 1-800-222-1253. Fax: (334) 242-0240

Email:  asc@asc.state.al.us.  Website:  www.asc.state.al.us

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If you have questions or require more information contact:

 

Daniel G. Lord

Education and Public Affairs Manager