July 06, 2015
Wisteria Global, Inc., Hiroshi Fujigami
SANCTION AMOUNT: $1,793,783
Defendants: Wisteria Global, Inc.
Commission found that Respondents acted as unregistered brokers from 2011-2013, in connection with the solicitation of about $30.8 million in investments in Luca To-Kalon and Luca Oil from more than 400 Japanese investors. Fees of approximately $3.6 million received, half of which amount was retained by Respondents. Activity was in futherance of an apparent Ponzi scheme. Sanction was limited due to Respondents' inability to pay.
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