SEC Suit Over $44M Scheme Still In Play

Law360, New York (July 1, 2009, 12:00 AM EDT) -- A federal court has refused to dismiss a German national and his financial consulting firm from a suit brought by the U.S. Securities and Exchange Commission alleging the firm profited to the tune of more than $2.2 million from a massive international boiler room scheme involving fraudulent securities offerings.

In an opinion signed Monday in the U.S. District Court for the Northern District of Illinois, Judge Joan Humphrey Lefkow denied a motion to dismiss filed by Stephen Von Hase, the owner of CTA Worldwide Services SA,...
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