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: Securities Law Prof Blog

SEC Charges Attorney in Bogus PIPES Scheme

By Securites Lawprof

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The SEC charged an attorney and two other promoters for conducting a $52.7 million Ponzi scheme in which they sold investors bogus PIPE (private investment in public equity) investments, promised unrealistic profits, and misappropriated more than $20 million of investors'...

Full post as published by Securities Law Prof Blog on September 16, 2008 (boomark / email).

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