November 20, 2015
SANCTION AMOUNT: $3,075,594
Defendants: Prima Capital Group, Inc.
Alleged fraud in which defendants raised nearly $3.5 million purportedly to invest in Facebook and Twitter IPOs, but instead used the money for day trading and some pay-offs to investors who complained about not receiving their promised shares of stock in the social media companies.
- Key Docs
- Official SEC press release