Wednesday, June 20, 2018

SEC charges High Point CEO for role in $102 million Ponzi scheme

A man barred from doing business in Maryland earlier this year is now facing civil charges from the U.S. Securities and Exchange Commission of defrauding more than 600 people through a $102 million Ponzi scheme. The SEC charged Perry C. Santillo Jr. of Rochester, New York, and several other people and businesses with engaging in the scheme. Santillo and one of the companies, First Nationle Solution LLC, were previously barred by the Maryland Attorney General’s Office on March 29 because of numerous…



from https://www.bizjournals.com/baltimore/news/2018/06/20/sec-charges-high-point-ceo-for-role-in-102-million.html?ana=RSS&s=article_search
via http://baltimorecheckbook.tumblr.com/post/175080684987

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