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Securities and Exchange Commission v. Lottonet Operating Corp. et al
Case Number:
1:17-cv-21033
Court:
Nature of Suit:
Judge:
Government Agencies
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April 25, 2017
SEC Wants Default Judgment Over $4.8M Stock Sale Fraud
The U.S. Securities and Exchange Commission has urged a Florida federal judge to enter default judgment against a Florida man regarding allegations he helped sell approximately $4.8 million in shares in a purported lottery business while misrepresenting how the funds were used.
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March 29, 2017
SEC Says Fla. Lottery Business Was $4.8M Stock Sale Fraud
Two Florida men are facing securities fraud charges stemming from allegations they misrepresented to investors how their funds would be used, selling approximately $4.8 million in shares in a purported lottery business while allocating much of the proceeds for paying sales agents and for personal use.