Tag: California fraud schemes
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BULLETIN: SEC Files Emergency Action In California To Halt Alleged Day-Trading Scheme Targeting Senior Citizens; Assets Of Robert C. Butler Frozen After ‘Hedge Fund’ That Purported To Have $8.9 Million Had Only $22, Agency Says
BULLETIN: A man running a day-trading and hedge-fund scheme lied about being a graduate of the Massachusetts Institute of Technology (MIT) and was ripping off senior citizens in the area of Indio, Calif., by dazzling them with technology and high-sounding company names, the SEC said in an emergency court filing. At least 17 investors were…