Ohio
Group Denies Wrongdoing
As reported by the Lima News:
"A local group is denying wrongdoing in
the wake of state Commerce Department allegations
of securities fraud among efforts to start a
casino in Botkins.
"National
Capital I, its president Tom Schnippel, and
Lima-based A Piece of the Action LLC were all
named by the department. Department officials
said A Piece of the Action partner Robert Bollinger
sold shares of the company and earned a commission,
even though he wasn't a licensed dealer.
"The
state also accused Schnippel and National Capital
I of engaging in the unregistered sale of securities
and making false representations to investors.
"…The
Commerce Department's Division of Securities
said Bollinger received a $2,000 commission
for each of the 11 sales of shares, the cost
of which totaled $275,000.
"National
Capital I attorney Charles Hertlein said the
company wants to sort the matter out.
"…Both
companies have combined to raise $1.68 million
toward helping the tribe build casinos in Ohio,
state records indicate…"
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