LAZAR... I don't think you have a clue what you are talking about. Lazar has Lawsuits all over Ohio. Just do a little research. This guy Alen Nugen sued Lazar for singing documents for an investment that he never told Lazar to make, basically Lazar stole his money. Also on Lazar's CRD (his investment license) he has a bunch of customer complaints for inappropriate recommendations, lying to customers and much more. I think something like 500 people worked for Envit and only two guys got in trouble, that's not a boiler room, that's a few bad apples, the SEC is dramatizing it. Lazar is a very bad guy, just look at his record and that's why the SEC is bringing him down. The SEC also went after Fraiman for lying to clients. Lazar and Fraiman were doing the lying not the company, that's why no other employees got into trouble, not one. Obviously the CEO got into trouble because all this lying happened under his watch. Read the complaint buddy and educate yourself. Lazar and Fraiman made the fake documents and made the false statement, NOT the company and that's why they are the only ones charged. What about all the other employees, all the so called boiler room guys. The SEC used a fake term like boiler room to make the story sound better. The real story is from reading the complaint and not the headline. The complaint says that Lazar and Fraiman received a lot of commissions and how they received those commissions was by lying to clients and they are getting in trouble for it now. Fraiman and Lazar ruined it for everyone and all the shareholders. The CEO is just to blame, he should have fired Lazar and Fraiman right away.
BY THE WAY....The company has not released any information because I am sure they are under a gag order by the SEC. They can't release anything.
