The Securities and Exchange Commission obtained a court order halting an alleged fraud involving stock in a Parkland-based company that claimed to be developing a revolutionary internet shopping application.
U.S. District Judge Beth Bloom in Miami also approved an emergency asset freeze. SEC regional director Eric I. Bustillo in Miami said organizers “preyed upon elderly victims” for personal benefit in a scheme that raised more than $2.4 million from at least 26 investors nationwide.
This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.
To view this content, please continue to their sites.
Not a Lexis Subscriber?
Subscribe Now
Not a Bloomberg Law Subscriber?
Subscribe Now
LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.
For questions call 1-877-256-2472 or contact us at [email protected]