The SEC has busted operators of a prime bank fraud (a type of ponzi scheme) that took in $15 million from at least 220 investors in more than 20 states, primarily Georgia. The operators were Billy W. McClintock, a Florida resident, Dianne Alexander aka Linda Dianne Alexander, a California resident (formerly of Georgia), two entities controlled by McClintock (MSC Holdings USA LLC and MSC Holdings Inc.), and another entity controlled by Alexander (MSC GA Holdings LLC). The firms may be holding investors’ assets, according to the SEC.