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SEC Charges Five Unregistered Brokers, Four Companies in Widespread Pre-IPO Fraud Scheme

  • Written by Newsfile

Scheme resulted in more than $525 million in unregistered offerings, netting defendants more than $88 million in illicit profits from undisclosed fees

Washington, D.C.--(Newsfile Corp. - December 7, 2023) - The Securities and Exchange Commission today announced charges against Raymond J. Pirrello, Jr., Marcello Follano, Robert Cassino, Anthony...