(KAIR)--A former Atchison resident has been extradited from Kentucky to face charges related to securities fraud.
According to a release from the Atchison County Sheriff's Office, 59-year-old Robert Beene is now in custody in the Atchison County Jail.
He was transported from the Boyle County Jail, in Kentucky, following his arrest on an Atchison County District Court Warrant.
According to a news release issued by the Kansas Attorney General's Office in October, 2013, Beene and his Atchison-based business, Sidelight Entertainment Group, were issued a cease and desist order “for multiple alleged violations of the Kansas Uniform Securities Act.”
The release stated that Beene and company were accused of selling unregistered securities in a pay-per-view scheme.
The unregistered securities included what the release identified as Pay-Per-View Buy-In “points” for the Global Warrior Challenge held at the Sprint Center in Kansas City on June 29, 2013. The Global Warrior Challenge was described as a group of mixed martial arts fights, which included matches between United States and United Kingdom fighters. Points were sold to the public for $5,000 per point, and at least one Kansas investor purchased points. The release said Beene's fraud stemmed from “omitting certain material facts.”
According to online court records, Beene was issued a final order to cease and desist in May, 2014 after failing to schedule a hearing on the allegations.
Beene's bond is set at $20,000.
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