Litigation
Feb. 4, 2016
Company that ran Ponzi scheme settles with SEC
A Pleasanton-based company that fronted a Ponzi scheme was hit with a $26.5 million judgment by a federal judge in a case in which the two leaders of the scheme have also been sentenced to federal prison.
Daily Journal Staff Writer
A Pleasanton-based company that fronted a Ponzi scheme was hit with a $26.5 million judgment by a federal judge in a case in which the two leaders of the scheme have also been sentenced to federal prison.
The U.S. Securities and Exchange Commission sued eAdGear Inc. in 2014, alleging the purported Internet advertising startup had raked in $129 million from unwitting inves...
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