According to the complaint, during the Class Period, the defendants orchestrated a scheme whereby a network of unregistered sales agents fraudulently offered and sold retail investors purportedly “no-fee” unregistered securities in private (Pre-IPO) companies, which turned out to have artificial prices inflated with fees that the defendants took as profit. The complaint further alleges that the defendants made numerous false and misleading statements during the sale of these illegal, unregistered securities in violation of the federal securities laws.
No Class Has Been Certified. Until a class is certified, you are not represented by counsel unless you retain one. You may select counsel of your choice. You may also remain an absent class member and do nothing at this point. An investor’s ability to share in any potential future recovery is not dependent upon serving as lead plaintiff.
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