February 2010 Archives

February 23, 2010

Lawrence "Lee" Loomis Ponzi Scheme Halted by SEC

February 23, 2010 - Lawrence "Lee" Loomis and his father-in-law John Hagener were allegedly running an investment scam through their entities Loomis Wealth Solutions, LLC and Lismar Financial Services, LLC. According to a complaint filed by the Securities and Exchange Commission ("SEC") today in a California federal court, the two men raised approximately $10 million from over 100 investors since 2007.

Lee Loomis Pic.jpgLoomis and Hagener attracted investors by promising 12 percent annual returns on alleged real estate investments. Apparently, Loomis told prospective clients that their money would be invested in two funds called the "Naras Secured Funds," which would loan money to homebuyers and the loans would be secured by real estate deeds of trust. In reality, the SEC claims that no such trusts existed the victims' money was used to pay other investors, to pay the operating expenses of other Loomis entities, and for Loomis' and Hagener's personal use.

The complaint further states that Loomis held investment seminars in Sacramento, California in 2007 and 2008, where he encouraged people to invest in Loomis Wealth Solutions. Loomis apparently attracted investors to these seminars with newspaper ads and direct mailings.

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February 23, 2010

Wilmington, Massachusetts Accident on Route I-93 Ends in Fatality

February 23, 2010 - Monique Forster, 22, from Tewksbury, Massachusetts has died as a result of serious personal injuries sustained in a two car accident on Route 93 in Wilmington. Miguel Ortiz-Calderon, 35, from North Andover, was driving the other vehicle, which struck Forster's car head-on. The accident occurred at around 1:20 a.m. on Tuesday on Route 93 North near the Route 129 exit.

According to police, Forster lost control her 2006 Nissan Altima and careened into the guardrail on the left side of the highway. Her vehicle then traveled across the highway and came to rest in the right travel lane. Soon thereafter, Ortiz-Calderon's 2006 Honda Accord collided head-on with Forster's vehicle.

Forster was transported to the Lahey Clinic in Burlington, where she was pronounced dead. Ortiz-Calderon was also taken to the Lahey Clinic and was listed in fair condition as of Tuesday morning.

This crash remains under investigation by the Massachusetts State Police.

Source: The Eagle Tribune

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February 14, 2010

Dover, New Hampshire Accident Sends Two Men to Boston Hospitals

February 14, 2010 - Two men, ages 19 and 32, suffered serious personal injuries when they were ejected from their vehicle after it collided with several trees on Wednesday at around 4:50 p.m. The men were traveling east on Tolend Road in Dover, New Hampshire, just past the Barrington town line. Apparently, their car crossed over into the westbound lane before crashing into the tree line on the side of the road.

The identities of the two men have yet to be released, but police believe they both live locally and may be from Barrington. The vehicle was severely damaged and the two men were transported to Boston hospitals.

The Dover Police Department believe that speed and alcohol were factors in the crash but the accident remains under investigation in conjunction with the Stafford County Technical Accident Reconstruction Team.

Source: Fosters.com

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February 11, 2010

Blandford, Massachusetts Turnpike Collision Ends With Fatality

February 11, 2010 - Stanley Vaughn, 49, from Springfield, Massachusetts has died as a result of serious personal injuries sustained when his vehicle collided head on with a tractor trailer. Apparently, Vaughn's car was traveling east on the Massachusetts Turnpike when it crossed the center median and smashed into a tractor trailer heading west. A 52 year old man from Tucker, Georgia was driving the truck.

The accident occurred on February 5, 2010 at around 10:25 p.m. in Blandford. Vaughn was pronounced dead at the scene. The truck driver was not injured and will not be cited for the accident.

Source: TheBostonChannel.com

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February 9, 2010

Seekonk, Massachusetts Head On Collision Leaves One Driver Critically Injured

February 9, 2010 - Two vehicles collided head on while traveling on Route 152 in Seekonk, Massachusetts at around 2:30 a.m. on Sunday. One car was driven by a 35 year old woman from Pawtucket, Rhode Island and the other was driven by a 56 year old Attleboro, Massachusetts woman. The accident occurred at 804 Newman Street near the intersection of Lowell Street.

According to the Seekonk Police Department, the car traveling south on Route 152 crossed over the center line and crashed into the other car, causing it to roll onto its side. Both victims were taken to Rhode Island Hospital and treated for their injuries. One of the women was listed in critical condition, but her injuries were not considered life threatening.

Neither of the women's identities have been released and the accident remains under investigation by the Massachusetts State Police.

Source: The Sun Chronicle

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February 4, 2010

Martha's Vineyard Fatal Car Accident Kills Woman

February 4, 2010 - Rachel Dow, 37, from Edgartown, Massachusetts, has died as a result of serious personal injuries sustained when her 1988 Acura Legend slammed into a tree and then caught on fire. The accident occurred along Eastville Avenue, near the Martha's Vineyard Hospital, in Oak Bluffs at around 5:45 p.m. on Monday.

 

According to the Massachusetts State Police, Dow was exiting the parking lot of the hospital when she apparently suffered a medical emergency causing her foot to continue depressing the gas pedal. The Acura traveled across Eastville Avenue and entered the woods, where it collided with a tree. Witnesses claim that the wheels continued to spin after the car was stopped against the tree; this may have caused the car to ignite. The car driver's side door was apparently pinned against the large cedar tree.

 

When rescue crews arrived, Dow was still in the vehicle and unresponsive and they were not able to extricate her from the car. Dow was taken to Martha's Vineyard Hospital, where she was pronounced dead.

 

The accident remains under investigation by the Massachusetts State Police.

Source: The Martha's Vineyard Times

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February 2, 2010

Winchester, Massachusetts Collision Kills Teen

February 2, 2010 - Makenzie Goode, 17, from Warwick, Massachusetts was killed as a result of serious personal injuries sustained during a single car accident during a snowstorm in Winchester on Friday. Goode's vehicle hit a fire hydrant after she lost control of her 2000 Pontiac Grand Am. The accident occurred on Route 78 at around 7:30 a.m.

According to the Winchester Police Department, Goode was traveling north on Route 78 when her car drifted into the southbound lanes. When she tried to regain control, her vehicle spun out and eventually collided with a fire hydrant on the northbound side of the street. Apparently, the hydrant made direct impact with the driver's side door. Goode was reportedly wearing a seat belt.

Goode was taken to UMass Memorial Medical Center in Worcester, where she eventually passed away on Sunday.

Police believe the crash was caused by the inclement weather, but the accident remains under investigation.

Source: SentinelSource.com

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February 2, 2010

Norton, Massachusetts Accident Ends in Fatality

February 2, 2010 - Elizabeth Vargas, 37, from Attleboro, Massachusetts, has died as a result of serious personal injuries she sustained when her car collided with a utility pole in Norton. The accident occurred at around 7 a.m. on Sunday morning while Vargas was traveling on West Main Street. Apparently, Vargas was returning home from an overnight shift at her employer in Carver.

Vargas was transported by ambulance to Sturdy Memorial Hospital in Attleboro, where she was pronounced dead. Vargas' vehicle was the only car involved in the crash. The utility pole was severely damaged and had to be repaired.

The accident remains under investigation by the Norton Police Department and the Massachusetts State Police.

Source: Wicked Local Easton

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