Nov. 2003
Kevin L. Lawrence of Bainbridge Island was sentenced to 20 years in prison and ordered to pay over $91 million in restitution for his participation in what is being called the largest stock fraud case in Washington State’s history. Helen Howell, Director of the Department of Financial Institutions (DFI), congratulated her staff for helping stop Znetix/Health Maintenance Centers (Znetix/HMC) from taking advantage of more consumers. During the three-year investigation, the Department spent an estimated 12,000 hours uncovering the scheme which involved over 5,000 investors from 36 states and several foreign countries. DFI worked with federal prosecutors to discover a maze of domestic and offshore accounts used by Lawrence to conceal investor funds totaling close to $100 million. (Department of Financial Institutions November 25, 2003)
He paid Hall $90,000 for the Pantera, i think in 1997. He spent about 4.5 million dollars in a three yr period on cars, boats, & jewelery