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THURSDAY, SEPTEMBER 6, 2007
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Centreville man linked to $3 million investment scheme

CENTREVILLE (AP) — A man who allegedly ran a phony multistate investment scheme out of two small towns in central Alabama, drawing scrutiny from investigators for at least three years, is accused of defrauding investors in several states of more than $3 million.

Authorities said Ronald Dover Holland, 66, of Centreville is charged with selling unregistered securities, securities fraud and theft.

Indicted by a Bibb County grand jury in April, Holland was arrested last week in Tuscaloosa by members of a federal fugitive task force and local officers. He was freed on $220,000 bond, jail officials said.

An attorney for Holland, Joe Pierce, declined comment Wednesday on the charges.

Copyright 2005 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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