Y2Payments Ronald Viemont CROOK! Thief! Dishonest Y2payments Ronald Viemont Merchant billing services Peoria, Illinois

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UNITED STATES OF AMERICA

Before the

SECURITIES AND EXCHANGE COMMISSION

SECURITIES EXCHANGE ACT OF 1934

Release No. 39283 / October 29, 1997

ADMINISTRATIVE PROCEEDING

File No. 3-9363

:

In the Matter of : ORDER MAKING FINDINGS

RONALD J. VIEMONT : AND IMPOSING REMEDIAL

: SANCTIONS

:

Respondent. :

:

I.

18 U.S.C. 1343. The court sentenced Viemont to 15 months imprisonment,

fined him $4,000, and ordered that he pay $200,000 in restitution to the

two defrauded pension fund clients.

C. The indictment upon which Viemont s conviction was based charges

that Viemont acted as a financial consultant through a firm called R.J.

Viemont & Company in Peoria, Illinois, in addition to acting as a

registered representative. According to the indictment, his customers

included three public employee pension funds and a credit union, each of

which maintained brokerage accounts at the firms with which he was

associated at the time. The indictment charges that in August 1992,

Viemont, while acting as a financial consultant to two of the public

employee pension funds, forged the signature of the treasurer of each of

these funds and caused $100,000 to be wired from each of their accounts.

It further charges that Viemont then mailed monthly investment reports to

the funds from September 1992 through April 1993 which failed to disclose

the wire transfers. Finally, it charges that in or about July 1993,

Viemont attempted to repay these two funds by transferring, without

authorization, $100,000 each from a third public employee pension fund and

a credit union.

III.

In view of the foregoing, the Commission finds that it is in the

public interest to impose the sanction specified by Viemont in his Offer.

Accordingly, IT IS ORDERED that Viemont be barred from association

with any broker, dealer, municipal securities dealer, investment company,

or investment adviser, effective immediately.

For the Commission, by its Secretary, pursuant to delegated authority.

Jonathan G. Katz

Secretary

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Long story short we immediately did what any self respecting business would do and we pulled out .We could not afford to be associated with such Horrid reputation of a man/company and his name was in just to bad a shape for my style .So here's the point Deceit, Dishonesty, and DISLIKED!Take what you want from that but I Do NOT! In any way, shape, or form recommend this company or man.Mostly because you have no clue where your money might end up as a result of his ever so increasing debt to the government.