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 (January 14, 2004) - Honorable Joseph P. Borg, Director of the Alabama Securities Commission announced today that Kelly Vickers, a local attorney from Montgomery, Alabama was sentenced today by the Honorable Rhonda Jones Hardesty, 19th Judicial District Court, Clanton, Alabama.  Vickers had pled guilty, July 24, 2003, to one count of theft of property in the third degree as a result of charges surrounding financial activities involving the proposed expansion of the former Daystar Assembly of God located in Prattville, Alabama. 

 

Vickers was sentenced to 365 days in the county jail suspended and placed on 2 years probation, ordered to pay $25,000 in restitution to victims, fined $2,000, ordered to pay a $1,000 assessment to the Alabama Crime Victims Compensation fund, ordered to report to Court Referral and ordered to conduct 100 hours of community service. 

 

Borg said, “Justice has been served now that the last of nine defendants in this case have been sentenced.  The result of this case is a prime example of the high level of cooperation among the Prattville Police Department, County, and State legal authorities to work together and take strong actions against white collar crime and people who steal from members of their own community.”

 

Mark Steven Cooper, April Sunday Rutledge Cooper, Nancilu Carpenter, Donald Cayton, Leonard Miller, William Till, Elaine Jenkins Turner and David Wayne Gordan were sentenced by the Honorable Ben Fuller, Circuit Judge for the Nineteenth Judicial Circuit, as a result of charges surrounding financial activities involving the proposed expansion of the former Daystar Assembly of God located in Prattville, Alabama.  For a detailed background of the Daystar case previous news releases may be viewed at: http://www.asc.state.al.us/Current-News.htm .

 

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 contact:  Daniel G. Lord, Education and Public Affairs Manager