The U.S. Securities and Exchange Commission (SEC) filed a parallel complaint against Passos in the U.S. District Court for the Southern District of New York.
In a statement, SEC Denver Regional Office, Associate Director of Enforcement Jason Burt said, “As alleged in the complaint, Passos engaged in a brazen scheme to defraud investors and went to great lengths to perpetuate his scheme, including doctoring a shareholder list. We will continue to pursue bad actors, whether located in the U.S. or abroad, whose fraudulent conduct impacts U.S. investors.”
Have a story you want USA Herald to cover? Submit a tip here and if we think it’s newsworthy, we’ll follow up on it.
Want to contribute a story? We also accept article submissions – check out our writer’s guidelines here.
