Secretary of StateÂ William GalvinÂ is accusing a Kenyan national of taking advantage investors from the east African republic who wouldnâ€™t speak up against him out of fear of being deported.
Galvin saysÂ Harison Muiruri Maina, of Malden, ran companies in Woburn, Lowell and Malden and convinced investors, mostly other Kenyans, to invest in those companies.
Galvinâ€™s office says one investor gave Maina $10,000, but when she asked for her investment to be returned, she was told all she could do was sell her stake to another investor.
Maina purposely misled and confused investors about where their money was going, and even those who were suspicious â€œwould not speak because Maina had threatened to reveal their immigration status to authorities,â€ Galvinâ€™s office said.
Maina, who is known by several similar names, called the companies Ajabu Financial, Ajabu Media Communications, Ajabu Ventures and JH Creations. Maina was registered to sell securities until 2008. Maina is also alleged to have offered tax advice he was not licensed to dispense.
Galvinâ€™s administrative complaint asks for Maina to be fined, for an accounting of all proceeds Maina received, remuneration to investors who lost money and the dismantling of all websites he used to solicit investors.-BizJournals