April 05, 2017

Thomas Connerton, Safety Technologies LLC

Offering Fraud

SANCTION AMOUNT: $1,892,978.88

Defendants: Safety Technologies LLC
Thomas Connerton

Defendant Connerton allegedly defrauded investors by misleading them to invest in a purported glove manufacturing company and then diverting their money for personal use. The company was said to be developing a material to make surgical gloves better resistant, with several major glove manufacturers wanting the technology, but the SEC found that no deals were ever anywhere close to materializing, and that Connerton emptied the company's bank account to pay personal expenses.

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