steve benger international boiler Agent scheme

Stefan H Benger et al: Lit Rel No 20881 / February 4

Commission Halts Massive The Securities and Exchange Commission has taken emergency action to stop a massive and ongoing that allegedly sold shares of US penny stock issuers to investors located in Europe by misrepresenting that investors paid no sales commissions The SEC alleges that in fact investors

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SEC Says Chicago Men Bilk Foreign Investors Courthouse

The have disbursed to foreign accounts nearly $29 million of the $442 million raised from investors in the boiler room scheme After dividing up the investor proceeds in this manner the Defendants often send share certificates to investors

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Benger Fair Fund

The action alleged that the Defendants engaged in an ongoing boiler room scheme run from their residences and offices in Chicago From at least March 2007 through February 2009 that scheme raised approximately $442 million from more than 1400 foreign investors primarily through the sale of

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SEC Halts Massive International Boiler Room Scheme

ยท Washington DC Feb 4 2009 The Securities and Exchange Commission has taken emergency action to stop a massive and ongoing room that allegedly sold shares of US penny stock issuers to investors located in Europe by misrepresenting that investors paid no sales commissions The SEC alleges that in fact investors paid commissions exceeding 60 percent of the amount invested and the fraudulent

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