The Commission is seeking a final judgment ordering the defendants from violating federal securities laws and rules, to disgorge any ill-gotten gains plus interest and to pay civil money penalties. It is also seeking an order prohibiting the defendants from participating in future securities offerings.
In a statement, Joseph Sansone, Chief, Market Abuse Unit of the SEC, commented, “Learning about the identity and background of the individual or individuals behind a venture is one of the first things we tell investors to do before trusting anyone with their money.”
