SEC
Whistleblower
Advocates

March 31, 2015

Stratocomm Corporation, Roger D. Shearer, Craig Danzig

Financial Fraud

SANCTION AMOUNT: $5,143,710

Defendants: Stratocomm Corporation
Roger D. Shearer, Craig Danzig

Case against penny stock company, and its CEO and former Director of Investor Relations, who portrayed the company as actively engaged in the manufacture and sale of telecommunications systems for use in underdeveloped countries while, in reality, it had no product and no revenue. The SEC argued that defendants sold investors more than $4 million worth of stock, in unregistered transactions.

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