SEC
Whistleblower
Advocates

September 02, 2015

Eric Aronson, Fredric Aaron, Vincent Buonauro

Offering Fraud

SANCTION AMOUNT: $34,340,807

Defendants: Eric Aronson, Fredric Aaron, Vincent Buonauro

Ponzi scheme centered around a company called PermaPave Industries, which raised more than $26 million from over 140 investors through promissory notes and "use of funds" agreements. Contrary to representations, there was little demand for the company's product and defendants used investment funds for Ponzi payments and lavish lifestyles.

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