The SEC shut down a convicted fraudster’s attempt at a new scheme before he could collect any money from investors, the agency said Aug. 13.
Antonio Bravata tried to put together a new scam during his last months of home confinement for his prior one, according to the Securities and Exchange Commission’s complaint filed in the U.S. District Court for the Eastern District of Michigan. He agreed to pay a $75,000 fine to end the suit.
Bravata hid his ties to the new company, Primo World Ventures LLC, through a website claiming it relied on “a team of lawyers, accountants, ...
Learn more about Bloomberg Law or Log In to keep reading:
See Breaking News in Context
Bloomberg Law provides trusted coverage of current events enhanced with legal analysis.
Already a subscriber?
Log in to keep reading or access research tools and resources.