Whistleblower
Advocates
Award Winning Attorneys
Beginning in 2007, defendants allegedly violated federal securities laws by running a massive international boiler room scheme that raised at least $44.2 million from 1,400 investors by inducing foreign investors to purchase Regulation S and “pre-IPO” shares of highly speculative microcap companies. Investors located in Europe were cold-called and told that there would be no sales commissions on their purchases whereas, in fact, investors paid commissions exceeding 60 percent of the amount invested.