CARSON CITY, Nev. (KLAS) — The Nevada Secretary of State has announced a cease and desist order Friday on Thomas Becker and three betting entities. Those include: Wellington Sports Club, LLC, Einstein Sports Advisory, Ltd., and Welscorp, Inc. in Clark County.
The order was based on a complaint filed against Becker and those entities alleging that they used deceptive practices in the sale of securities and sold unregistered securities without being licensed.
The complaint alleges that Becker and entities sold investment contracts promising high returns based on an entity wagering strategy.
Anyone who has invested funds with Becker, Wellington Sports Club, LLC, Einstein Sports Advisory, Ltd., and Welscorp, Inc is encouraged to call the Secretary of State’s Securities Division at (702) 486-2440.