Tuesday, April 09, 2002
Agreement ends civil fraud suit
Guardian Investments, the Northern Kentucky company that raised $13.5 million with the help of former insurance agent George Fiorini, has agreed to stop violating Ohio securities laws.
The Ohio Attorney General's office Monday said a permanent injunction was entered against Guardian in Hamilton County Common Pleas Court, effectively ending the state's civil fraud lawsuit against Guardian. Ohio law does not permit the state to fine violators or pursue restitution on investors' behalf.
Next up is Mr. Fiorini himself, whose statement of accounting in January was considered inadequate. He was ordered to a show-cause hearing April 19 before Common Pleas Judge Robert Ruehlmann.
P&G consoles with coupons
Procter & Gamble Co. will offer coupons and cash payments to customers who were expecting toys after enrolling in a special promotion for P&G's Pampers diapers.
Procter ran out of the toys for its Pampers Perks program, which ran for a year ending Jan. 31. The company will send coupons to those who are receiving a toy that already is on back order. It will mail checks by May to Pampers customers whose order came in after toy supplies were exhausted.
For more information, see www.pampers.com.
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