February 23, 2016
The U.S. Securities and Exchange Commission told a California federal judge Tuesday that it has reached a settlement with the last remaining defendant in its suit over an alleged scheme to mislead investors into buying stock in a football field laser company by claiming an IPO was imminent.
July 28, 2015
A California federal court on Tuesday ordered to pay a defendant to pay a $150,000 third-tier penalty and $82,525 in disgorgement as part of a crackdown on companies the U.S. Securities and Exchange Commission and federal prosecutors said fleeced investors out of $2.4 million with false promises about football-field laser technology.
July 24, 2014
The U.S. Securities and Exchange Commission and federal prosecutors expanded a crackdown Thursday on companies they say fleeced investors out of $2.4 million with false promises about football-field laser technology, inking no-admit settlements with a number of defendants and revealing parallel criminal charges.