SEC
Whistleblower
Advocates

October 04, 2016

Coleman Flaherty III, Thomas Brazil

Market Manipulation

SANCTION AMOUNT: $2,869,947

Defendants: Coleman Flaherty III, Thomas Brazil

"Pump-and-dump" scheme in stock of Massachusetts-based ticket brokering business CitySide Tickets Inc. Defendants aquired stock by virtue of false legal opinion letters, and investors were blitzed with a false and misleading promotional campaign touting CitySide Tickets as on the verge of acquiring smaller rivals and as an attractive takeover target itself. Defendants then sold their hyped shares for illicit proceeds of approximately $3 million. The company subsequently collapsed.

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