August 11, 2017

Hidalgo Mining Corp., John W. Boyer, Joshua F. McAlees

Offering Fraud


Defendants: Hidalgo Mining Corp.
John W. Boyer, Joshua F. McAlees

Final judgment entered on consent in case alleging that, from at least August 2009 through March 2013, Defendants raised approximately $10.35 million from about 85 investors nationwide, purportedly to fund mining operations for a silver mine located near Mexico City. However, investors were not told that 10% of their money would be used to pay sales commissions, nor that Defendants didn't have the immediate financial ability to make good on all the investor principal that they personally guaranteed.

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