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KNOXVILLE, TENN. (CN) – The two owners of LandOak Mortgage misappropriated $2.8 million of the $3.6 million in promissory notes and memberships they sold, the SEC claims in Federal Court. The SEC sued Patrick Martin, 55, 0f Knoxville, and Michael Atkins, 47, of Greensboro, Ga., registered broker-dealers and investment advisers, for acts that took place 10 years ago.
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