September 02, 2015
Eric Aronson, Fredric Aaron, Vincent Buonauro
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.
- Key Docs
- Official SEC press release