October 04, 2016
Coleman Flaherty III, Thomas Brazil
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.
- Key Docs
- Official SEC press release