September 25, 2015
iShopNoMarkup.com, Inc., Anthony Knight
SANCTION AMOUNT: $5,130,000
Defendants: iShopNoMarkup.com, Inc.
Sanction ordered against former Chairman of Long Island-based internet startup, for selling unregistered securities in a scheme that defrauded over 350 investors of approximately 2.3 million. Offering memoranda and other documents were distributed with material misrepresentions about business operations.
- Key Docs
- Official SEC press release