Investments
Mar. 23, 2011
SEC Charges Firms in Cold-Call Fraud Ring
The Securities and Exchange Commission filed civil fraud charges against three individuals and four firms who allegedly raised $2.15 million from 200 investors around the nation and then spent half the money on entertainment, travel, and gifts.
Daily Journal Staff Writer
LOS ANGELES - The Securities and Exchange Commission filed civil fraud charges against three individuals and four firms who allegedly raised $2.15 million from 200 investors around the nation and then spent half the money on entertainment, travel, and gifts.
The SEC alleges that individuals at Spyglass Equity Systems Inc. cold-called investors to help raise the funds for two related investment compan...
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