Sunday, March 4, 2012

SEC puts stop on alleged 'Net scam. (Securities and Exchange Commission, sale of bogus securities on the Internet)(Brief Article)

A federal court in Florida issued a restraining order last week against an enterprise charged with issuing bogus securities on the Internet after papers were filed by the Securities and Exchange Commission.

The U.S. District Court for the Southern District of Florida put out the order against William Sellin for allegedly offering fraudulent securities through news group bulletin board postings as …

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