Crime & Courts

Richmond Co. | Columbia Co. | Aiken Co. |

North Augusta man facing fraud charges, fine

Monday, Feb. 13, 2012 12:24 PM
Last updated Tuesday, Feb. 14, 2012 12:51 AM
  • Follow Crime & courts

COLUMBIA -- David H. Thompson, of North Augusta, was arrested on Thursday on charges related to securities fraud by the Aiken County Sheriff’s Department.

Attorney General Alan Wilson issued a civil order against Thompson ordering him to cease and desist from violations of the South Carolina Securities Act and ordering him to pay a $10,000 fine, according to a news release.

Thompson was charged with two counts of breach of trust, and one count of forgery in arrest warrants obtained by the Aiken County sheriff. He was released on a $30,000 bond, the attorney general’s office said.

The order and warrants allege that Thompson sold membership interests totaling at least $360,000 in a corporation named Mossy Development, LLC. The money collected was to be used to develop a subdivision called Mossy Oak in North Augusta. Wilson said Thompson diverted that money instead to his personal use and to other entities that he owned or controlled.

Top headlines

State legislators won't push bill for mayor

The state legislators that Augusta Mayor Hardie Davis needs to draft legislation that will give him more power say that won’t happen this year, with less than a month remaining in the legislative ...
Search Augusta jobs