Univec Inc (UNVC)

[hedgie]

“The UNVC shell is a "dirty shell" with secured debt from it's toxic lender”

Caveat Emptor

stockmasterflash Thursday, 07/31/14 08:08:21 PM
Re: StealthTrader post# 15104
Post # of 15121

“The UNVC shell is a "dirty shell" with secured debt from it's toxic lender, Cory Ribotsky's AJW/NIR Group, and 6 figures worth of municipal and federal LIENS against it.

http://casesearch.courts.state.md.us/inquiry/inquiry-index.jsp

ROSLYN, N.Y., Dec. 14 /PRNewswire/ -- NIR Group ('NIR'), an alternative investment firm that manages a variety of strategies, today announced that Robert M. Cohen, 48, has joined the firm as Managing Director. Based in the firm's Roslyn headquarters, Mr. Cohen is responsible for overseeing operations and business development.

"Bobby has a proven track-record in managing and building a successful firm in the financial services sector," said Corey Ribotsky, Managing Member and Head Portfolio Manager.

****
Washington, D.C., Sept. 28, 2011 — The Securities and Exchange Commission today charged a Long Island-based investment adviser with defrauding investors in hedge funds investing in PIPE transactions and misappropriating more than $1 million in client assets for his personal use.
Additional Materials

SEC Complaint: http://www.sec.gov/litigation/complaints/2011/comp-pr2011-194.pdf

The SEC alleges that Corey Ribotsky and his firm The NIR Group LLC repeatedly lied to investors to hide the truth that his PIPE investment and trading strategy was failing during the financial crisis.

jmho