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GlobeSt.com UPDATE: Two Local Lawyers Charged in Evergreen Scheme

ORLANDO-Martin W. Boelens Jr. and Robert W. Boyd have agreed to plead guilty on separate charges of securities, mail and wire fraud in the total $214 million sales of unregistered mortgage-backed securities to 2,000 private investors across the country. Securities salesmen Thomas S. Spencer of Orlando and Anthony V. Micciche of Tampa, FL also agreed to plead guilty in the 15-month-old investigation.

By Alex Finkelstein | Updated on April 11, 2002

ORLANDO-Local lawyers Martin W. Boelens Jr. and Robert W. Boyd, principals in defunct Evergreen Security Ltd., have each been charged with securities, mail and wire fraud in the sale of $214 million in unregistered mortgage-backed securities to 2,000 private investors across the country.

They agreed to plead guilty next week in exchange for prison terms of less than 10 years, according to the U.S. Attorney’s office. This is the second set of charges facing Boelens. He was convicted in January when he pleaded guilty in New York to charges of conspiracy and grand larceny of $29.5 million of Evergreen’s assets. He is scheduled to be sentenced April 15.

Securities salesmen Thomas S. Spencer of Orlando and Anthony V. Micciche of Tampa, FL were also formally charged Wednesday. Spencer was charged with securities, mail and wire fraud; Micciche with selling unregistered securities. The bonds promised interest returns of 10% to 12% at a time when market returns were in the 5% range.

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