Jeffery Laumbattus, 47, of Marissa, Illinois, was charged in a federal indictment with mail fraud, securities fraud, wire fraud and aggravated identity theft after the SEC filed a complaint last week alleging that Laumbattus defrauded investors of at least $150,000. Laumbattus' assets have been temporarily frozen by court order. He pleaded not guilty to the charges in Court this past Monday.
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