The SEC says Mura illegally employed Ted Tackaberry from 2007 to 2009. Tackaberry was barred from doing any securities work after a federal judge found he and a partner defrauded 275 investors of more than $11 million. Tackaberry said he has been cooperating with the Mura investigation and did nothing illegal during their partnership. Last week, the SEC asked a judge to permanently bar Tackaberry from investment work, something Tackaberry said he will not contest.
Patricia McCarthy was a longtime friend of Mura. She said she wanted to invest money in one of the startups, which was developing technology with her son-in-law. She thought she was buying stock, but instead got a $25,000 promissory note, saying she would be paid back in two years with 8 percent interest. She never saw the money again. McCarthy also lost $32,000 in stock investments with Mura.
"I’m pretty sure we’ll never get our money back. I think I’d like to see him serve some jail time,” McCarthy. “I feel he has to be stopped.”
“The allegations are blatantly untrue,” Mura said.