Monday, May 20, 2013
Haleiwa man charged in $35M stock sales scheme
POSTED: 01:30 a.m. HST, May 17, 2012
~~<p>The Securities and Exchange Commission charged a Haleiwa man Wednesday with pocketing more than $2 million in a complex scheme that defrauded overseas investors of $35 million.</p>
<p>The SEC alleged that Nicholas Louis Geranio played a "critical role in a $35 million scheme to manipulate the market" and to profit from high-pressure sales of stock by telemarketers in offshore boiler rooms.</p>
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The Securities and Exchange Commission charged a Haleiwa man Wednesday with pocketing more than $2 million in a complex scheme that defrauded overseas investors of $35 million.
The SEC alleged that Nicholas Louis Geranio played a "critical role in a $35 million scheme to manipulate the market" and to profit from high-pressure sales of stock by telemarketers in offshore boiler rooms. Login for more...
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