Sedgwick County District Court Enters Temporary Restraining Order against Jesse W. Harris and Harris Custom Projects, LLC and Places Their Assets in Receivership
Topeka, KS — The 18th Judicial District Court of Kansas in Sedgwick County entered an order June 5 against Jesse W. Harris and Harris Custom Projects, LLC (HCP) freezing their assets, restraining them from transferring ownership or title to any funds, property, or assets, and placing their assets in receivership.
The Court issued its order on the application of the Office of the Kansas Securities Commissioner (KSC) as part of a case against Harris and HCP that KSC filed on June 4, 2018, called Office of the Kansas Securities Commissioner v. Harris Custom Projects, LLC, et al., No. 2018-CV-01287.
In the case before the Court, the KSC alleges that Harris violated the Kansas Uniform Securities Act by soliciting more than $5 million in investment funds between late 2016 and early 2018 from multiple investors, purportedly for use in the purchase and resale of concrete in connection with construction jobs and investment in real estate. KSC further alleges that Harris used the money for purposes unrelated to the purposes of the investments, and used money from some investors to pay money promised other investors, which is generally regarded as a Ponzi scheme.
The purpose of a receivership is to keep, preserve, and manage the assets in receivership until the Court can equitably distribute those assets in a final judgment. The KSC anticipates that in the coming weeks and months a process will be established by the Court for persons having claims against Harris and Harris Custom Projects, LLC to make those claims through the receivership and Court.
The Kansas Securities Commissioner urges any individuals who have had dealings with Jesse W. Harris and Harris Custom Projects LLC to contact the Office of the Securities Commissioner at 785-296-3307 or email email@example.com.
The mission of the Office of the Kansas Securities Commissioner is to protect and inform Kansas investors; to promote integrity, fairness, and full disclosure in financial services; and to foster capital formation.