Apparently, the SEC would not see it your way. Envit was a boiler room that misled investors all the way. Phony financials, notes regarding the accounting firm that wasn't accounting, and NEVER, EVER, a report to shareholders as to what happened to the money. What happened to the money? "It was spent on attorney fees" is not a report to shareholders as to what happened to the money. An accounting of what happened to the money might very well have appeased the shareholders by letting them know EXACTLY where the money went... not innuendos about it. WHERE DID THE MONEY GO??? And, they took Lazar down with them.
