Firm used debt proceeds for strippers, payroll?
posted in: Oddly Enough by dyarter On April 22nd, 2010
NEW YORK (Reuters) – The Securities and Exchange Commission filed an emergency enforcement action on Tuesday to halt an alleged fraudulent scheme by two owners of an Albany, New York, brokerage who sold debt in unregistered offerings and used the proceeds for its operations and to hire strippers.
Original post here Reuters: Oddly Enough
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