Coadum Advisors, Inc.; Mansell Capital Partners III, LLC; James A. Jeffery; Thomas E. Repke; Coadum Capital Fund 1, LLC; Coadum Capital Fund II, LP; Coadum Capital Fund III, LP; and Mansell Acquisition Company LP
The Securities and Exchange Commission announced that on January 3, 2008 it filed a complaint, and motion seeking a temporary restraining order, asset freeze and appointment of a Receiver in the United States District Court for the Northern District of Georgia. The complaint seeks relief against two individuals and six entities under their control. The complaint alleges that defendants Coadum Advisors, Inc. ("Coadum"), Mansell Capital Partners III, LLC ("Mansell"), James A. Jeffery ("Jeffery"), Thomas E. Repke ("Repke"), Coadum Capital Fund 1, LLC ("Coadum 1"), Coadum Capital Fund II, LP ("Coadum II"), Coadum Capital Fund III, LP ("Coadum III") and Mansell Acquisition Company LP ("MAC") engaged in fraud in conjunction with a series of four securities offerings which began in early 2006. Two of the offerings are ongoing, and approximately $30 million has been raised from approximately 150 investors.
http://www.sec.gov/litigation/litreleases/2008/lr20422.htm