April 27, 2017

Michael Andre Jones

Offering Fraud


Defendants: Michael Andre Jones

Settlement of allegations that, over roughly three years, defendant fraudulently sold more than $700,000 worth of unregistered convertible promissory notes to twenty investors in twelve states. The complaint alleged that he knowingly or recklessly made multiple fraudulent statements in the effort. He was also separately charged with defrauding two other investors by selling them restricted stock in a small unrelated biotechnology company, and then simply failing to deliver when he couldn't get the restrictions lifted (keeping the money).

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