Attorney General Pam Bondi News Release


January 17, 2014
Media Contact: Whitney Ray
Phone: (850) 245-0150

BOCA RATON AREA MAN CHARGED WITH THEFT IN INVESTMENT SCHEME RESULTING IN $800,000 LOSS TO INVESTORS

Tallahassee - The Florida Office of Financial Regulation (OFR) announces the arrest today of Victor Bauza, 49, by the Palm Beach County Sheriff’s Office. Bauza was charged by the Florida Office of Statewide Prosecution with securities violations, grand theft and organized scheme to defraud. The defendant allegedly solicited more than $800,000 from 20 investors to purchase shares of Medical Informatics Xchange (MIX).

The joint investigation by the OFR and the Boca Raton Police Department determined that from February 2010 through November of 2011, the defendant sold shares of MIX for between $1 and $1.50 a share and falsely told investors that MIX would be conducting an initial public offering in the near future. Bauza purportedly told investors that the price of the shareswould rise between $4 and $6 a share once they began trading on public exchanges. The investigation revealed, however, that a substantial portion of the money raised from investors was used to pay commissions and for the personal benefit of the defendant. None of the victims received shares of the company and MIX never conducted an initial public offering of its shares.

The principals of MIX are not believed to have participated in the alleged fraudulent scheme. Contrary to the defendant’s representations, MIX principals claimed that the company was never involved in preparing an initial public offering of its stock.

“The OFR is proud to work with our law enforcement partners to bring justice to those involved with this fraudulent scheme,” said OFR Commissioner Drew J. Breakspear. “We urge consumers to do their homework before investing and to only work with registered securities dealers.”

"Abusing the trust of investors and profiting from deceptive practices is illegal," stated Attorney General Pam Bondi. "I applaud the Office of Financial Regulation and the Boca Raton Police Department for their investigative work, and my Office of Statewide Prosecution will hold the defendant accountable for his actions and protect investors from future harm."

“This investigation demonstrates the ability of our team to successfully investigate these complex and lengthy financial cases. We remain unwaveringly committed to aggressively pursuing criminals who target our citizens in any way, including through the use of these predatory investment schemes,” said Boca Raton Police Department Chief Dan Alexander.

The OFR encourages all potential investors to research any financial product fully and to take measures to protect themselves:
If you have purchased stocks from Mr. Bauza or invested in MIX, the OFR encourages you to file a complaint. Consumers can file a complaint online, http://www.FLOFR.com">www.FLOFR.com, or call the OFR at (850) 487-9687.