July 26, 2023
The U.S. Securities and Exchange Commission won't seek civil monetary penalties against two New England men who were sentenced and ordered to pay roughly $6 million each for scamming seniors through their allegedly unregistered investment company, stating that the restitution the men have been ordered to pay in their criminal cases is sufficient.
January 09, 2020
Two New England men and their allegedly unregistered investment company scammed seniors out of $6 million, lied in their sales pitches and sunk the funds into failing ventures, the U.S. Securities and Exchange Commission said Wednesday.