KSC

TOPEKA—The Office of the Kansas Securities Commissioner has issued a cease and desist order against Jesse W. Harris, Sedgwick, KS, and Harris Custom Projects LLC, Wichita, for alleged violations of the Kansas Uniform Securities Act (KUSA).

The cease and desist order alleges that Harris violated the KUSA by soliciting more than $5 million in investment funds during 2017 from multiple investors, purportedly for use in the purchase and resale of concrete in connection with construction jobs.

Investigators in the Securities Commissioner’s office allege Harris used the money for purposes unrelated to investment in concrete. In addition, investigators said, Harris used money from some investors to pay back money received from other investors, which is generally regarded as a Ponzi scheme.

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 protected].

The violations listed in the order are currently allegations.  Harris and Harris Custom Projects LLC may request a hearing to dispute the allegations within 33 days after service of the order.

The cease and desist order can be viewed online at www.ksc.ks.gov.