In Court Today

Court Name: United States District Court
Judge Denis R. Hurley

Date: 9/17/2014 9:30 AM
Room: 930

Case: SEC v., Inc. et al

Summary: Jury trial continues on SEC charges that three top executives of an Internet start-up conducted a fraudulent and unregistered offering scheme that bilked over 350 investors out of $2.3 million. Operating out of a “boiler room,” employees allegedly cold-called potential investors and made material misrepresentations that an IPO was imminent, which would cause the stock price to soar.