‘Death-Spiral Financing’ Leads to SEC Fraud Charges Against Penny-Stock Operator
PYMNTS
FEBRUARY 18, 2019
In a tale that roughly recalls the 2013 Martin Scorsese film “ The Wolf of Wall Street ,” the U.S. Securities and Exchange Commission has sued financier Joshua Sason for fraud. The complaint also targets three other people involved in the alleged fraud, which the SEC said took place in 2012 and 2013.
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