Friday 24th January 2013 Man found Murdered in freeport his name is Anthony Kyle Welch.

Grand Bahama Police on Monday identified the man who was found brutally murdered at his home on Friday as former Mississippi investor, Anthony Kyle Welch.

The 47-year-old was bound with duct tape and stabbed multiple times about the body.

He was reportedly discovered shortly after 10:00 p.m.

Assistant Commissioner of Police Emrick Seymour said, the investigation into the gruesome homicide at the victim’s Albacore Drive home is ongoing and there was no one in custody, up to press time.

Welch resided at the home with his girlfriend who, ACP Seymour confirmed is also a foreign national, had notified police about the incident and has been cooperating with police.

She was observed on the scene speaking to investigators that night.      

Seymour did reveal that a dog was found dead at the home, but he neither confirmed nor denied reports of the victim’s fingers being severed.

Welch’s murder is recorded as the first for island for the year.

Back in 2012, the United States Securities and Exchange Commission (SEC) charged Welch with securities fraud. 

He was charged with one count of fraud; alternately aiding and abetting fraud; and control person liability. 

Welch served as chairman and CEO of eHydrogen from January 2007 - August 2010 and ChromoCure from June 2009 - August  2010 and had allegedly increased the companies’ stock prices.     

It was alleged that Welch took over the two stocks, which are now “essentially defunct entities with no assets and little to no actual business operations.”

The SEC alleged that from at least March 2010 through August 2010, Welch issued press releases and intentionally made other public disclosures containing false and misleading information concerning, among other things, technologies acquired by and revenues generated by eHydrogen and ChromoCure. 

“The period of the press releases coincides with suspicious price and trading volume increases in the respective issuers’ stock,” the SEC further alleged. 

The lawsuit, which was filed in the Northern District of  Georgia court in early September 2012, states that Welch resides in Freeport, Bahamas.

The SEC was pursuing an order to have Welch turn over any financial gains from the alleged plot and numerous financial penalties.

Maxim Advisors, LLC, another company formerly controlled by Welch, was also sanctioned for using false and misleading promotional material while under his power and had its registration revoked by the Financial Industry Regulatory Authority in 2004.

At last report, the SEC was seeking a variety of injunctions and bars against Welch.

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