Medical Capital Holdings - Receiver Files Fourth Status Report
On July 16, 2009, SEC charged Medical Capital Holdings Inc. of Tustin, Calif., with fraud in the sale of $77 million of private notes. According to sources, many independent broker-dealers such as American Portfolios Financial Services, National Securities Corp., Securities America, and Signature Financial Group, sold the notes. Rich & Intelisano is presently investigating Medical Capital and speaking with investors who purchased Medical Capital Holdings through registered broker dealers or investment advisors.
A receiver was appointed for Medical Capital. Most recently, the SEC filed its First Amended Complaint on November 9, 2009 and the Receiver filed his Fourth Status Report. Both documents are available on the Receiver’s website at http://www.medicalcapitalreceivership.com/
