SEC Says Marketing Co., 3 Execs Ran $10M Fraud

Law360, New York (April 22, 2011, 2:10 PM EDT) -- The U.S. Securities and Exchange Commission slapped family-run email marketing company mUrgent Corp. and its three executives with a securities fraud suit in California on Thursday, alleging they milked $9.6 million out of investors in a boiler room scheme.

The agency is looking to bar the executives from serving as officers or directors of any public company for allegedly defrauding at least 130 investors across the country and using money they raised in two unregistered securities offerings to pay their own salaries and bonuses.

"MUrgent falsely...
To view the full article, register now.