MILITARY FAMILIES IN NEW MEXICO ARE BEING WARNED ABOUT A SCHEME THE STATE SECURITIES DIVISION SAYS TARGETS THEM FOR THEIR SAVINGS AND BENEFITS. THE OFFICE RECENTLY ISSUED A CEASE AND DESIST ORDER AGAINST ALBUQUERQUE-BASED EQUITY ADVISORS, ITS OWNER SIDNEY EVANS, AND VOYAGER FINANCIAL GROUP.
THE SECURITIES DIVISION ACCUSES THE COMPANY OF ILLEGALLY PURCHASING VETERANS MONTHLY PENSION AND DISABILITY PAYMENTS FOR A SINGLE LUMP SUM THAT WAS A LOT LESS THAN THE FUTURE VALUE. OFFICIALS SAY THE COMPANY WOULD THEN SELL THE PAYMENTS AS PART OF A PACKAGE OF INVESTMENTS.
