Vancouver, Wash., man accused of investment violations

SALEM, Ore. — Oregon finance regulators are accusing a Washington man of selling fraudulent investments.

The Oregon Department of Consumer and Business Services said Thursday that Shelby Bell of Vancouver pocketed more than $187,000 from 7,500 investors over eight months. Officials say Bell told investors they could make a one-time payment of $25 dollars and earn $900 a week for seven years.

Authorities say Bell used the money to pay for food, movie tickets and a vehicle.

The state has ordered Bell to stop violating securities laws and has proposed $1 million in penalties.

Nobody answered the phone at Bell’s business, Hobo Prince Economic Project. A post on the company’s website says Bell will “fight these legal battles to their final conclusion.” He has 20 days to request a hearing.

More in Local News

Food stuffs for a local chapter of A Simple Gesture at Fitness Evolution, the communal pick-up point, in Arlington on Jan. 12. (Kevin Clark / The Herald)
There’s an easier way to donate to food banks

Grab a green bag, fill it gradually with grocery items — and someone will pick it up from your home.

Lake Stevens man shot by deputies reportedly was suicidal

The fatal shooting is the latest incident where someone apparently wanted police to fire.

Man suspected of robbing Rite Aids

Mill Creek police released a sketch Monday evening of the suspect.

Suspect: Marysville church fire ignited by burning shoelaces

The 21-year-old told police it was an accident, but he’s under investigation for second-degree arson.

Police seek witnesses to Marysville hit-and-run

A Seattle man suffered broken bones in the accident.

Bank robbed near Martha Lake

It happened around 3:15 Tuesday afternoon.

Mayor, others break ground on low-barrier housing in Everett

Somers: The complex is expected to save lives and “really shows the heart of this community.”

Former Everett councilman also sued his employer, the county

Ron Gipson says he suffered racial discrimination related to an investigation into sexual harassment.

Teen charged with murder in shooting over car

A Lynnwood teen has been charged with second-degree murder for… Continue reading

Most Read