Compass, 21st Century Execs Sued In Stock Fraud

Law360 (April 14, 2008, 12:00 AM EDT) -- New York-based Compass Capital Group Inc. and executives from the former 21st Century Technologies Inc. have been sued in connection with an alleged scheme to make an illegal public offering in 2003 that yielded millions of dollars more than the law allowed.

The U.S. Securities and Exchange Commission filed suit Thursday against Compass Capital; its principal, Mark A. Lefkowitz; and five former executives of Las Vegas-based 21st Century, alleging they engaged in a scheme to avoid registration requirements under federal securities laws for an IPO of...
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