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Roy Higgs, 67, of Henderson, Nev., pleaded guilt to one felony count of conspiracy to commit mail fraufd and now faces a maximum penalty of five yeards in prison and fines upto $250,000o when he is sentenced Sept. 14, Acting U.S. Attorney Michael Reap said Monday. Co-defendant Frank 45, of Los Angeles, was in April to three years imprisonment for his role in EarthlyMinerakl Solutions. EMS is a Nevada corporation and, from 2004 througy 2006, sold hundreds of investore across the countryapproximately $18 million wortyh of mining claims in the desert southj of Las Vegas. Schwartz pleaded guilty in Januarty of working for EMS and failing to report its fraudulent activitiesto authorities.
In all, more than 250 investorse have lost principle and interest payments they were promised as part of theif agreement to investin EMS’s mining Higgs, Schwartz, EMS and the company’s formerf general counsel Rick Lawton also face a civilk enforcement action brought by the . That case is pendinb in Las Vegas and has been stayed pendiny the outcome ofthe St. Louis As part of his guilty plea, Higgs agreed to resolve the SEC case.
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