January 23, 2017

George N. Krinos

Offering Fraud

SANCTION AMOUNT: $1,436,622.39

Defendants: George N. Krinos

From January 2012 through at least November 2013, Krinos, through his various companies known as Krinos Holdings, raised approximately $1 million from at least 18 investors through the unregistered sale of common stock and secured convertible debenture notes. Throughout this period, Krinos allegedly made materially false and misleading representations to investors about the use of investor funds and Krinos Holdings' business operations and prospects. In addition, a public shell company Krinos acquired named Fordgate Acquisition Corp. failed to make required filings with the SEC.

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