PRESS RELEASE FOR IMMEDIATE RELEASE
Contact: Wayne Porter, Securities Investigator
Phone: (302) 739-7641 x112
Date: January 12, 2004
31 COUNT INDICTMENT RETURNED AGAINST
ROBERT A. WARNER FOR THEFT, SECURITIES VIOLATIONS AND TAX EVASION
ANYONE WHO MAY HAVE BEEN A VICTIM IS URGED TO COME FORWARD
(Wilmington, DE): Attorney General M. Jane Brady today announced that a Superior Court grand jury has returned a 31 count indictment charging Robert A. Warner of Prince George’s County, Maryland with multiple counts of theft, securities fraud and other securities violations as well as filing false tax returns and attempting to avoid paying taxes. The indictment alleges that Warner, president of I.G.I.T., which stands for, “In God I Trust,” raised nearly $75,000 from investors by selling worthless investment contracts and securities of “Prosper International League Limited” or P.I.L.L. He did so by convincing investors that he was a successful securities trader and a devout Christian. The indictment further alleges that the P.I.L.L. investment was an off-shore pyramid scheme through which investors lost their funds.
The indictment names 4 Delaware families from Ellendale, Lewes and Laurel as victims. There may be additional victims. Anyone who has purchased securities from Robert A. Warner is asked to contact the Attorney General’s office Securities Investigator Wayne Porter in Dover at (302) 739-7641 ext. 112.