Dorothy M. Geisler-Tragardh, of McCordsville, Indiana, was charged Thursday with one count of securities fraud and 10 counts of theft for allegedly bilking investors out of more than $2.5 million in a coal-gasification project. The scheme lasted 2 years, according to prosecutors, wherein Geisler-Tragardh fraudulently sold shares of Praxis Resources Partners, LLC, depositing the funds directly into her own accounts for her own benefit. Prosecutors have frozen her assets and seized such assets as Picasso artwork, a luxury waterfront home, a Rolex watch, a diamond, a Mercedes-Benz, two other cars and a boat. She has plead not guilty.
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