SEC Sues Fla. Man For Swindling $3M From Investors

Law360, New York (September 2, 2008, 12:00 AM EDT) -- The U.S. Securities and Exchange Commission has filed a securities fraud lawsuit against the CEO and founder of a telecommunications company, alleging the man swindled $3.2 million from 250 investors by offering and selling unregistered securities related to the company.

In a complaint filed Aug. 29 in the U.S. District Court for the Southern District of Florida, the SEC charged Donald D. LaBarre with violating the registration and anti-fraud provisions of federal securities laws by offering and selling unregistered securities of Homeland Communications Corp., a company...
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