February 21, 2018
Two Florida men facing fraud charges settled a related case with the U.S. Securities and Exchange Commission Wednesday, agreeing to be barred from penny stock offerings and securities trading to resolve civil claims that they pilfered $2.5 million selling penny stocks based on dubious nanotechnology patents.
October 03, 2017
Two Florida men, including a repeat offender, were arrested and accused by federal prosecutors and the U.S. Securities and Exchange Commission on Tuesday of fooling investors into paying $3 million for suspect penny stocks and shares of loony patents that actually never made it past the application stage.