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Secretary of State

Securities Division > News Archive  > For Immediate Release: March 19, 2009 Multi-million Dollar Securities Case Moves Forward with Asset Freeze, Criminal Charges and Arrest

Contact: Jim Gavin

Dorothy Geisler-Tragardh arrested today in case investigated by Indiana Secretary of State Todd Rokita's Securities Division

(Indianapolis) Felony charges have been filed against Dorothy Geisler-Tragardh, the subject of an ongoing securities fraud investigation by Indiana Secretary of State Todd Rokita's Securities Division. Geisler-Tragardh was arrested this evening on one charge of securities fraud and three counts of theft, all class C felonies, filed by the Marion County Prosecutor's Office.

Geisler-Tragardh is a former partner in the clean coal energy company Praxis Resource Partners, LLC. Secretary Rokita's office recently opened a fraud investigation into her activities after receiving information she allegedly devised a complex stock-swapping scheme in order to keep investments she raised for the company for her own personal benefits and expenses.

The Indiana Securities Division presented additional evidence in court this week that described the scheme that alleges Geisler-Tragardh would sell investors shares in Praxis Resource Partners characterized as "Class B" which were valued at $56, but would actually issue them her own shares of "Class A" stock worth only 30 cents a share. Judge Patrick McCarty accepted an agreed order that will continue the freeze of the assets of Geisler-Tragardh.

"This is yet another situation where investors are sold a story that turns out to be scam," said Secretary Rokita. "I will continue to seek justice on behalf of Hoosiers who fall victim to these scams by both getting their money back and bringing charges. I commend Prosecutor Brizzi and his team for their efforts to work with us to hold this suspect accountable for what appears to be criminal acts."

The charges described are merely an accusation. The defendant is presumed innocent until and unless proven guilty.

For more information on how to avoid becoming a victim of investment fraud, visit

About the Prosecution Assistance Unit

In 2004, Indiana Secretary of State Todd Rokita created the Prosecution Assistance Unit within the Securities Division of the Secretary of State's Office. Its sole purpose is to assist police and prosecutors in investigating and prosecuting criminal violations of the Indiana Securities Act and the Indiana Loan Brokers Act. The investigators and attorneys in the unit collectively have over 72 years of experience in investigating and prosecuting criminals. Since its inception, the Unit has helped to convict 38 criminals in state and federal courts across Indiana in cases that have resulted in over 310 years of time sentenced. In addition, courts have ordered defendants to pay over $29 million in restitution to crime victims.

Media Contact: Jim Gavin: 317.233.8655 or