An Elkton man indicted for an alleged investment scam in Logan County is now facing additional charges.

Joseph Martin Pewitt, 42, was indicted Tuesday in Todd County on three counts of selling securities without a license and three counts of selling unregistered securities.

Pewitt was indicted in late June in Logan County on two counts each of selling securities without a license and selling unregistered securities. All 10 charges are class D felonies, punishable by one to five years in prison.

The three victims in Todd County lost more than $290,000 in the scheme, according to a report from the Kentucky Attorney General’s Office, which is prosecuting the case along with Gail Guiling, commonwealth’s attorney for Logan and Todd counties.

The two Logan County victims are alleged to have lost $200,000 in the scheme where Pewitt claimed he had invested in “point of sale” credit card terminals and promised them 1 percent interest on their investment each month, according to the Attorney General’s office.

Each of these indictments will be tried separately, said Joe Ross, assistant commonwealth’s attorney for Logan and Todd counties.

Consumer Protection in the Attorney General’s office began investigating after being contacted by an attorney who represented two elderly widows in Logan County, according to the report. The attorney had concerns about investments the two had made in TMT Management Groups, LLC.

Other sellers from TMT Management have had criminal or civil actions taken against them in Texas and Florida and by the U.S. Securities and Exchange Commission. In Florida, there were approximately 300 investors nationally whom the scheme cost $22 million.

The case is still being investigated. Anyone who has had contact with Pewitt and has concerns is asked to contact the Attorney General’s office, said Allison Martin, spokeswoman for the attorney general.

— Call the Attorney General’s Office in Louisville at (502) 429-7134.