Tag: homeland security frauds
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SEC: New York Pitchman, 73, Hawked ‘Illegal Offering’ For Murdoch Security & Investigations Inc. By Spinning Tall Tale Of ‘Anti-Piracy’ And ‘Anti-Terror’ Success On The ‘High Seas’
EDITOR’S NOTE: In the past 24 hours, the SEC has filed charges against two firms purportedly in the business of preventing terrorism. Read the PP Blog’s story about the first firm here. The cavalcade of senior citizens implicated in securities schemes continues — as does the story about the bizarre nature of recent fraud cases…
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BULLETIN: SEC Says InfrAegis — Purported ‘Homeland Security’ Firm With Product To Detect Weapons Of Mass Destruction — Was A $20 Million Fraud Based In Part On A ‘Trillion’-Dollar Lie; Company And CEO Gregory E. Webb Charged
BULLETIN: The SEC has gone to federal court in Illinois to charge InfrAegis Inc. and CEO Gregory E. Webb with fraud amid allegations they fleeced investors in a $20 million scam that traded on post-9/11 fears and claims that government security contracts worth more than $1 trillion would make everybody rich. Webb, 64, resides in…