Industrial Boiler Manufactory

steve benger international boiler Agent scheme

  • Benger Fair Fund

    Dec 20, 2011 · The action alleged that the Defendants engaged in an ongoing boiler room scheme run from their residences and offices in Chicago. From at least March 2007 through February 2009, that scheme raised approximately $44.2 million from more than 1,400 foreign investors, primarily through the sale of U.S. penny stocks.

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  • IN THE UNITED STATES DISTRICT COURT

    Distribution Agents – Stefan H. Benger ("Benger"), SHB Capital, Inc. ("SHB Capital"), Jason B. The Alleged "Boiler Room" Scheme boiler room agents solicited foreign investors by making cold calls to elderly British and European citizens, using high-pressure sales tactics to encourage investment.

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  • Steve Benger Profiles | Facebook

    View the profiles of people named Steve Benger. Join Facebook to connect with Steve Benger and others you may know. Facebook gives people the power to

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  • The Securities & Exchange Commission Announces Several

    In the action titled Securities and Exchange Commission v.Benger, et al. pending in the United States District Court for the Northern District of Illinois, Case No. 09-CV-676, several judgments and injunctions were entered against defendants Handler, Thayer & Duggan, LLC, Stefan H. Benger, SHB Capital, Inc., Philip T. Powers, Frank I. Reinschreiber, Global Financial Management, LLC, Stephan

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  • MEMORANDUM OPINION AND ORDER INTRODUCTION

    Feb 15, 2013 · international boiler room scheme targeting some 1400 foreign investors. The alleged scheme took in approximately $44 million primarily through the sale of penny stock to foreign purchasers. Of the proceeds, the defendants skimmed 60% as commissions for themselves and the foreign boiler room operators whom they hired. The companies the

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  • Complaint: Stefan H. Benger, SHB Capital, Inc., Jason B

    ongoing international boiler room scheme run by and through Defendants from their . residences and offices in Chicago. Since March 2007, Defendants' scheme has raised at . least $44.2 million from more than 1,400 foreign investors, primarily through the sales of . U.S. penny stocks. The success of Defendants' scheme depends on the concealment from

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  • U.S. S.E.C. v. BENGER | 931 F.Supp.2d 901 (2013

    Mar 21, 2013 · The Securities Exchange Commission ("SEC") claims that the defendants engaged in an international boiler room scheme targeting some 1400 foreign investors. The scheme took in approximately $44 million primarily through the sale of U.S. penny stock. It is alleged that of the proceeds, the defendants skimmed 60% for themselves and the foreign

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  • Stefan H. Benger, et al.: Lit. Rel. No. 20881 / February 4

    Commission Halts Massive International Boiler Room Scheme. The Securities and Exchange Commission has taken emergency action to stop a massive and ongoing international boiler room scheme that allegedly sold shares of U.S. penny stock issuers to investors located in Europe by misrepresenting that investors paid no sales commissions. The SEC alleges that, in fact, investors paid …

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  • SEC Says Chicago Men Bilk Foreign Investors – Courthouse

    Feb 04, 2009 · The Escrow Agent Defendants have disbursed to foreign accounts nearly $29 million of the $44.2 million raised from investors in the boiler room scheme. After dividing up the investor proceeds in this manner, the Escrow Agent Defendants often send share certificates to investors.

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  • Stefan Benger - Info zur Person mit Bilder, News & Links

    Stefan Benger Person-Info (Ich bin Stefan Benger) Grevenbroich Schifferstadt : SHB Capital Jason Meyers Jens Hambloch: News (1 - 4 von 8 The SEC alleges that the boiler room scheme victimized residents of the United Kingdom, Germany, and other European countries. According to the complaint,

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  • UNITED STATES SECURITIES : AND EXCHANGE …

    an ongoing international boiler room scheme run by defendants from their residences and offices in Chicago. From at least March 2007 until February 2009, the scheme raised approximately $44.2 million from more than 1,400 foreign investors, primarily through the sales of U.S. penny stocks. The success of defendants' scheme depended on the

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  • Two Men Found Guilty In International Investment Fraud And

    Jan 26, 2015 · The scheme was facilitated using boiler room telemarketers, mostly in Spain, who employed high pressure and misleading sales techniques. The victim-investors wired more than $127 million to Gunter's bank accounts in the Middle District of Florida.

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  • IN THE UNITED STATES DISTRICT COURT

    agents, whom the SEC refers to as "boiler room agents," located outside the United States. The boiler room agents solicited foreign investors by making cold calls to elderly British and European citizens, using high-pressure sales tactics to encourage investment. During these cold

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  • UNITED STATES BANKRUPTCY COURT FOR PUBLICATION …

    As noted, Westford consists of a group of affiliated hedge funds, their agents and managers. (See ¶¶ 7-19.) Steve Stevanovich was the founder, president and manager of Westford Asset Management LLC ("WAM"), (¶ 7), and investment manager for the Westford Investment Funds

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  • Securities Law Prof Blog

    Feb 04, 2009 · The SEC charged Chicago residents Stefan H. Benger, Jason B. Meyers, Frank I. Reinschreiber, and Philip T. Powers as well as four entities through which they operated the boiler room scheme…

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  • IN THE UNITED STATES DISTRICT COURT FOR THE EASTERN

    sales commissions -- including the boiler room sales agents -- with less than 40% going to the issuers of the stocks. The Escrow Agent Defendants disbursed to foreign accounts nearly $29 million of the $44.2 million raised from investors in the boiler room scheme. After dividing up

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  • Cowley Way, Sutton Benger SN15, 4 bedroom detached house

    The popular village of Sutton Benger offers a thriving community with its primary school, hotel, two public houses, a post office store, doctor's surgery, village hall and sports field. The village is ideally located c.2 miles from M4 J.17 providing swift access to the major centres of Swindon, Bath and Bristol whilst Chippenham with numerous

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  • Assets Found From Alleged Sales Scam - Los Angeles Times

    Dec 15, 1998 · Defendants in the Texas lawsuit included Moore, 18 other agents of the firm and two California companies--Currency Trading International and Ronald Allan Ltd.- …

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  • Chicago Attorney Avoids Lifetime Penny-Stock Ban - Law360

    An Illinois federal magistrate judge refused Wednesday to permanently ban a Chicago attorney the U.S. Securities and Exchange Commission said was connected to an international boiler room scheme

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  • IN THE UNITED STATES DISTRICT COURT FOR THE …

    1. The defendants' international boiler room scheme was as lucrative as it . was stealthy. It raised approximately $44.2 million from more than 1,400 foreign . investors, primarily through the sales of U.S. penny stocks. It was lucrative for . defendants because they diverted more than 60% of that sum to themselves and the

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