More charges are being filed against Dennis D. Bailey, a former financial adviser and Sedgwick County resident, after another victim recently came forward with complaints.
The latest victim, who resides in Bonner Springs, experienced fraud-related losses of approximately $24,000.
The recently named victim was offered an opportunity to participate in the sale of fraudulent securities . Over a year and a half later, the victim never received any funds back.
Bailey is charged with multiple counts of securities fraud for unlawfully selling securities in an entity known as Legacy Capital. He has now been charged for defrauding 8 Kansans with 41 felony counts of securities fraud, resulting with losses in excess of $740,000.
Kansas Securities Commissioner Josh Ney encourages Kansans to contact his office with any more information related to Dennis Bailey or Legacy Capital. The Office of the Securities Commissioner can be reached by phone at 785-296-3307 or by email at [email protected].
—Press release via Office of the Securities Commissioner