Russell County couple indicted for alleged Securities Act violat - WRBL

Text Description

Russell County couple indicted for alleged Securities Act violations

Posted: Updated:
A Phenix City couple has been indicted on alleged violations of the Alabama Securities Act. Jose Roberto Torres and Tammy Torres were arrested on March 5 and taken to the Russell County jail.  Jose Torres' bond was set at $750,000.  Tammy Torres' bond was set at $50,000.

The indictment alleges that Jose Torres offered and sold unregistered investment contracts for ATM/EPS, Inc. to Alabama investors.  The couple reportedly told the investors that their funds would be placed in automatic teller machine terminals, to be used as vault cash, and that investors would receive monthly returns on their funds placed in the ATM terminals.  The indictment also alleges that the investor funds were used by the Torres's to pay other investors and for unrelated personal expenses.

Jose Torres is charged with 19 total counts including: the sale of securites by an unregistered agent, the sale of unregistered securities, employing a scheme to defraud, theft of property, and other charges.  Tammy Torres was charged with one count of securities fraud.

The securities fraud and theft charges are punishable by a maximum of 20 years in prison and a $25,000 fine per count. 

Phil Scoggins

After taking 16-year break from broadcasting, Phil rejoined WRBL as a news anchor where he has been ever since. More>>

  • Most Popular StoriesMost Popular StoriesMore>>

  • 'Faces of Meth' program launched by Sheriff's office

    'Faces of Meth' program launched by Sheriff's office

    Monday, July 21 2014 6:37 PM EDT2014-07-21 22:37:35 GMT
    'Faces of Meth' is a project of the Multnomah County Sheriff’s Office.
    'Faces of Meth' is a project of the Multnomah County Sheriff’s Office.
  • Columbus police searching for armed robbery suspect

    Columbus police searching for armed robbery suspect

    Monday, July 28 2014 10:09 AM EDT2014-07-28 14:09:36 GMT
    Columbus police need your help identifying a man who they say robbed two businesses Saturday evening. They say a black man was wearing all black but no mask when he pulled a silver handgun on the cashier at Weems Food Mart on Weems road just around 7 p.m. Saturday night.
    Columbus police need your help identifying a man who they say robbed two businesses Saturday evening. They say a black man was wearing all black but no mask when he pulled a silver handgun on the cashier at Weems Food Mart on Weems road just around 7 p.m. Saturday night.
  • Update: Kellogg's plant to close by end of 2015, company responds

    Update: Kellogg's plant to close by end of 2015, company responds

    Monday, July 28 2014 6:11 PM EDT2014-07-28 22:11:13 GMT
    The Columbus Kellogg's plant is expected to close by the end of 2015.The Columbus Kellogg's plant is expected to close by the end of 2015.
    The Columbus Kellogg's plant is expected to be shut down by the end of 2015.
    The Columbus Kellogg's plant is expected to be shut down by the end of 2015.
  • Crime WatchMore>>

  • Columbus police searching for armed robbery suspect

    Columbus police searching for armed robbery suspect

    Monday, July 28 2014 10:09 AM EDT2014-07-28 14:09:36 GMT
    Columbus police need your help identifying a man who they say robbed two businesses Saturday evening. They say a black man was wearing all black but no mask when he pulled a silver handgun on the cashier at Weems Food Mart on Weems road just around 7 p.m. Saturday night.
    Columbus police need your help identifying a man who they say robbed two businesses Saturday evening. They say a black man was wearing all black but no mask when he pulled a silver handgun on the cashier at Weems Food Mart on Weems road just around 7 p.m. Saturday night.
  • Attorneys argue motions ahead of Kareem Lane retrial

    Attorneys argue motions ahead of Kareem Lane retrial

    Friday, July 25 2014 6:42 PM EDT2014-07-25 22:42:19 GMT
    Kareem Lane in good spirits before August retrialKareem Lane in good spirits before August retrial
    A new trialisabout to startfor Kareem Lane, the man accused of killing Muscogee County school superintendent Jim Burns in 1992. A hung jury resulted in a mistrial in 2012, but now the lawyers are prepared to start all over again. Friday defense attorney Stacey Jackson and the prosecution team stood before Judge Bobby Peters to argue motions before Lane's retrial starts in August. There is nonew evidence in the case against Lane, who came under suspicion after witnesses said they saw his truc...
    A new trialisabout to startfor Kareem Lane, the man accused of killing Muscogee County school superintendent Jim Burns in 1992. A hung jury resulted in a mistrial in 2012, but now the lawyers are prepared to start all over again. Friday defense attorney Stacey Jackson and the prosecution team stood before Judge Bobby Peters to argue motions before Lane's retrial starts in August. There is nonew evidence in the case against Lane, who came under suspicion after witnesses said they saw his truc...
  • Caneya Webb family speaks out after murder trial

    Caneya Webb family speaks out after murder trial

    Friday, July 25 2014 6:23 PM EDT2014-07-25 22:23:04 GMT
    Caneya Webb leaves behind three children, the youngest of whom is Newsome's daughterCaneya Webb leaves behind three children, the youngest of whom is Newsome's daughter
    The day after a Russell County jury found Curtis Newsome guilty of murder, the victim's family is breathing a sigh of relief.During the four-daytrial, Newsome described how he killed his pregnant girlfriend, 26-year-old Caneya Webb, in a fit of rage after he found a Facebook message to her from another man last June. He punched her in the back of the head and strangled her until she was dead, leaving her tied with aUSB cord in the bathtub for her father to find. It took the jury a mere 17 min...
    The day after a Russell County jury found Curtis Newsome guilty of murder, the victim's family is breathing a sigh of relief.During the four-daytrial, Newsome described how he killed his pregnant girlfriend, 26-year-old Caneya Webb, in a fit of rage after he found a Facebook message to her from another man last June. He punched her in the back of the head and strangled her until she was dead, leaving her tied with aUSB cord in the bathtub for her father to find. It took the jury a mere 17 min...
Powered by WorldNow

1350 13th Avenue
Columbus, GA 31901

Telephone: 706.323.3333
Fax: 706.327.6655
Email: news@wrbl.com

Can't find something?
Powered by WorldNow
All content © Copyright 2000 - 2014 Media General Communications Holdings, LLC. A Media General Company.