Archive for February 2016

EAdGear Case: Judge Orders More Than $26 Million In Disgorgement And Penalties

EAdGear Case: Judge Orders More Than $26 Million In Disgorgement And Penalties

Another pyramid scheme has proven costly for its operators. Here, according to the SEC, is the rundown from the EAdGear case brought in 2014. eAdGear Holdings Limited and eAdGear Inc. have been ordered to disgorge $21 million in ill-gotten gains, pay prejudgment interest of $640,000 and pay a civil penalty in the amount of $1,000,000. […]