We use cookies on this site to enable your digital experience. By continuing to use this site, you are agreeing to our cookie policy. close

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

Law360 (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...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.