SEC
Whistleblower
Advocates

May 20, 2015

Nicholas Grosso, Michael Patrick Brown

Offering Fraud

SANCTION AMOUNT: $1,542,500

Defendants: Nicholas Grosso, Michael Patrick Brown

Sacntion on default for Respondents' role in the fraud of Spectrum Concepts, LLC, which was founded in Florida for the supposed purpose of sponsoring and promoting concerts, but never had any assets (other than elderly investor funds) or business operations. Of $465,000 raised, nearly half was misappropriated. For more information, see https://www.sec.gov/alj/aljdec/2015/id770bpm.pdf.

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