Replies to post #373661 on NanoTech Entertainment Inc (NTEK)

[B402]

Alas, Foley fits the Bill

Except "He" fleeced investors
By "Loaning" NTEK Money

Convertible Debentures
The Death Spiral

[shajandr]

Following up on this case:

Manipulation: U.S. v. Falci, No. 3:17-cr-00228 (D.N.J. Verdict Dec. 13, 2018) is an action in which Vincent Falci was convicted on three counts of wire fraud and one count of securities fraud by a jury following a two-week trial. The jury deliberated for about 90 minutes. The verdict is based on Mr. Falci’s operation of the Vicci Fund which he started in 2012. After raising abut $20 million from investors based on false claims regarding his expertise, Defendant essentially looted the fund, diverting over $10 million for his personal benefit over a four year period. Investors were furnished with false statements. Sentencing is scheduled for March 21, 2019.

Here's the ~OUTTcome for a due's FIRST CONVICTION for investment fraud of $10.5M. Unlike DaFOleyFelon-Coyote, who has TWO PRIOR FELONY CONVICTIONS, and used sophisticated means, and committed fraud while under a pre-existing sentence, conspired to cause at least #12.5 million in investor losses, etc, etc,

this FIRST TIMER gott 15 years - first CONviction, no criminole history.

New Jersey Investment Manager and Former Fire Chief Sentenced to 15 Years in Prison for Running Ponzi Scheme to Steal More Than $10 Million

https://www.financialfraudnews.com/new-jersey-investment-manager-and-former-fire-chief-sentenced-to-15-years-in-prison-for-running-ponzi-scheme-to-steal-more-than-10-million/

Another instance of a Federal CONviction and the first-time offender getts 15 years.