Florida Office of Financial Regulation

Injunction Issued Against Tri-Med Corporation in Alleged Fraud

03/05/2014

For Immediate Release                                 
Wednesday, March 5, 2014
 
Contact: Jamie Mongiovi
(850) 410-9709

Injunction Issued Against Tri-Med Corporation in Alleged Fraud
– Pinellas County company purportedly sold more than $13 million in unregistered securities –
 
Tallahassee, Fla. – The Florida Office of Financial Regulation (OFR) today announced that a temporary injunction has been granted by the Sixth Judicial Circuit Court in Pinellas County, Florida against Tri-Med Corporation and Tri-Med Associates, Inc., including defendants Jeremy Anderson, Anthony N. Nicholas, III, Eric Ager, Irwin Ager and Teresa Simmons Bordinat. The OFR is currently investigating allegations that the defendants fraudulently offered and sold more than $13 million in unregistered securities in the form of investment agreements. 
 
“It is imperative that Floridians are aware of this injunction so they can make informed investment decisions,” said OFR Commissioner Drew J. Breakspear. “The alleged fraud impacts more than 200 Florida investors, and the OFR will continue to thoroughly investigate these allegations and work with law enforcement to bring those involved to justice.”
 
An investigation is ongoing into whether the defendants misrepresented facts during the sale of these investment products. The defendants are not licensed to sell securities in Florida and are alleged to have represented themselves as purchasing medical practice-related accounts receivable that were guaranteed by letters of protection.
 
During the investigation, the OFR found that investors were assured that their funds would be “safe” and “backed by major insurance companies.” However, the investigation revealed that the monies were used in a manner inconsistent with the representations made to investors. The judge has appointed Tampa lawyer Burt Wiand as a receiver over the assets of Tri-Med Corporation and Tri-Med Associates, Inc. The receiver’s phone number is (813) 347-5100.
 
If you believe you are a victim of fraud or suspect questionable practices, please file a complaint with the OFR online, www.FLOFR.com, or call (850) 487-9687.
 
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The Florida Office of Financial Regulation provides regulatory oversight for Florida’s financial services providers. Our mission is to protect Floridians, promote a safe and sound financial marketplace, and contribute to the growth of Florida’s economy with smart, efficient and effective regulation of the financial services industry.
www.flofr.com