Preferred Land Corporation

Preferred Land Corporation
Item# 5560

Was: $14.95



Stock Certificate, issued/uncanceled
Early 1900's
The item shown is representative of the one you will receive



The Preferred Land Trust Corporation was incorporated in Georgia on December 9, 1967. The Atlanta Regional Office of the SEC announced on March 7, 1977 the U.S. Court of Appeals for the Fifth Circuit affirmed the convictions of Fred C. Tallant, Sr. and William M. Womack, Jr. (who has signed this piece) of Atlanta on charges of violations of the anti-fraud provisions of the securities laws, the mail fraud statute and the conspiracy statute and Womack on a charge of a violation of the obstruction of justice statute in connection with offers and sales of Preferred Land Corporation common stock.

Apparently it didnít immediately deter Womack from selling more Preferred Land Corporation stock, as this piece is dated over four months after the the conviction was upheld. Eventually, everything did fall apart, as the company filed for bankruptcy on December 6, 1978.GA-Georgia Real Estate and Land Development Scandals and Collapses Under $10 Bird Featured Eagle Featured Skyline Scene

All certificates are sold only as collectible pieces, as they are either canceled or obsolete. Certificates carry no value on any of today's financial indexes and no transfer of ownership is implied. Unless otherwise indicated, images are representative of the piece(s) you will receive.