Grand jury indicts four in alleged investor fraud

SAVANNAH - A federal grand jury indicted four people and three companies accused of defrauding investors who put up a total of $10 million with the promise of 15-to-100 percent short-term returns. <br> <br> Indicted Tuesday on charges including conspiracy, wire fraud, mail fraud and money laundering were Randall ``Rando&#39;&#39; Coyle, 39, of Brunswick; Ronald Wayne Coyle, 46, of St. Simons Island; Avery Curtis Griffin Jr., 36, of Brunswick and Sonja G. Coyle, 34, of Dublin. <br> <br> The U.S. Attorney&#39;s Office said the four were either officers of employees Rando Group Inc. and Waycross Properties Inc., which were named in the indictment along with Alma Properties Inc. <br> <br> The indictment claimed the defendants falsely represented their net worth and the value of shares in the companies, the profitability of the companies, how they would use funds invested, and the source of payments to investors on their promissory notes. <br> <br> Most of the investors were in Eastman, Dublin and Waycross, the U.S. Attorney&#39;s Office said.

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