No more legal problems for Republic man accused of organizing hunting program

REPUBLIC, Mo. (KY3) – No more legal issues for an Ozark hunting guide at the center of the On Your Side investigation.

The Missouri secretary of state has issued a cease and desist order against Theodore or Teddy Eddings.

You may remember last December when criminal charges were laid against him. He is accused of having carried out a hunting program. Eddings raised $ 50,000 by selling investments to a dozen people.

State officials claim that Eddings embezzled funds for personal gain. They want him to pay back the money, plus penalties.

You might remember our story back in 2019, when hunters made down payments for trips that never happened.

On Your Side called and emailed Eddings’ attorney. We have not had an answer.

Missouri Secretary of State press release.

Jefferson City, Missouri – The Securities Division of Missouri Secretary of State Jay Ashcroft has issued a cease and desist order against a Republic of Missouri hunting guide. Theodore Jay Eddings is required to justify why civil penalties, damages, costs and other administrative measures should not be imposed on him after several investors are allegedly defrauded.

Between April 2017 and October 2018, Eddings raised at least $ 50,500 for two entities he claimed to own and operate, only one of which was a registered business. Eddings raised the funds by selling investments in the form of investment contracts and promissory notes to eight people in five states, including an investor from Missouri.

The entities were promoted by Eddings on Facebook as suppliers of deer and turkey hunting in Missouri. When individuals contacted Eddings for services, he then sought investments in businesses. Once the funds were received, Eddings then embezzled the funds for his personal benefit. He also made material inaccuracies and omissions in connection with the sale of the securities.

The Securities Division is seeking a final order barring Eddings from further violations of Missouri securities law, as well as a refund of $ 53,500 with interest, civil penalties, investigative fees and other administrative measures.

“Investment scams include Ponzi schemes and stock market scams, but scammers will also target friends and associates who also have common recreational interests, usually offering an offer too good to ignore,” the commissioner said. at Missouri Securities, David Minnick. “Always consult with anyone seeking investment opportunities or providing financial advice. “

Secretary Ashcroft urges investors to call the toll-free Investor Protection Hotline at 800-721-7996 or access online at www.missouriprotectsinvestors.com for more information or to file a complaint.

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