State prosecutors have charged a Maui businessman accused of running a Ponzi scheme with two counts of making false or misleading financial statements and two counts of prohibited securities practices.

The state attorney general’s office said Thursday that Maui Industrial Loan & Finance Co. President Lloyd Kimura filed false or misleading statements in documents for his company.

It also alleges he defrauded two couples of at least than $100,000.

Maui Industrial has filed for Chapter 7 bankruptcy. Kimura has filed for personal bankruptcy.

Maui Industrial’s bankruptcy trustee has sued 25 of the company’s investors to recover funds, alleging the money they received was the fruit of a Ponzi scheme.

Kimura could not immediately be reached for comment.