The U.S. Securities and Exchange Commission filed a securities fraud lawsuit against George Iakovou, Penelope Zbravos and their company Vika Ventures on Wednesday in Georgia Middle District Court. According to the complaint, the defendants defrauded investors of $6.09 million by offering securities which they did not own. Counsel have not yet appeared for the defendants. The case is 4:22-cv-00194, Securities and Exchange Commission v. Iakovou et al.
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