SEC
Whistleblower
Attorneys

November 02, 2018

Douglas P. Simanski

Offering Fraud

SANCTION AMOUNT: 1142356.46

Defendants: Douglas P. Simanski

Former registered representative and investment adviser in Altoona, Pennsylvania operated a long-running offering fraud. He told clients their money would be invested in a "tax free" fixed rate investment, a rental car company, or one of two coal mining companies in which he claimed to have an ownership interest, but largely used the money to repay other investors and for personal use.

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