Hologram Co. CEO Hit With Fraud, Illegal Stock Sale Suit

By Jack Queen (September 27, 2019, 10:50 PM EDT) -- Hologram entertainment company CEO Alki David sold $100,000 worth of unregistered shares ahead of an aborted IPO and misled investors about having rights to reconstructed 3D performances by Tupac Shakur, Whitney Houston and Roy Orbison, the U.S. Securities and Exchange Commission said Friday.

David's company, Hologram USA Networks Inc., allegedly made two unregistered stock offerings between November 2017 and March 2018, ginning up sales with TV ads and slide decks touting "exclusive" rights to display "iconic talent" in a purported network of eight hologram-equipped theaters throughout the U.S., according to the SEC's complaint in New York federal court.

"Through a nationwide...

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