SEC Says Bogus Billion-Dollar Co. Ran Stock Offering Fraud

By Katryna Perera (May 9, 2024, 10:48 PM EDT) -- The U.S. Securities and Exchange Commission on Thursday accused a man previously convicted of wire and tax fraud of conducting a fake stock offering on misrepresentations that he ran a diversified energy, health care, technology and real estate company that would net billions in revenue when in fact it tallied less than $15,000 in sales....

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