Home Ponzi Scheme More legal trouble for Republic man accused of operating hunting scheme

More legal trouble for Republic man accused of operating hunting scheme

REPUBLIC, Mo. (KY3) – More legal trouble for an Ozarks hunting guide at the center of On Your Side Investigation.

The Missouri Secretary of State issued a cease-and-desist order against Theodore or Teddy Eddings.

You might recall last December when criminal charges were filed against him. He’s accused of running a hunting scheme. Eddings raised $50,000 by selling investments to about a dozen people.

State officials say Eddings misappropriated funds for his benefit. They want him to pay back the money, plus penalties.

You might remember our story back in 2019 when hunters paid deposits for trips that never happened.

On Your Side called and emailed Eddings’ attorney. We have not heard back.

News release from Missouri Secretary of State.

Jefferson City, Mo. — Missouri Secretary of State Jay Ashcroft’s securities division issued a cease-and-desist order against a Republic, Missouri hunting guide. Theodore Jay Eddings is required to show cause why civil penalties, restitution, costs, and other administrative relief should not be imposed against him after several investors were allegedly defrauded.

Between April 2017 and October 2018, Eddings raised at least $50,500 for two entities he claimed to own and operate, only one of which was an actual registered business. Eddings raised the funds by selling investments in the form of investment contracts and promissory notes to eight individuals across five states, including one Missouri investor.

The entities were promoted by Eddings…

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