February 21, 2019 BY Valentina Kirilova
Spartan Securities Group and Island Capital Management charged with bogus companies’ fraud
The U.S. Securities and Exchange Commission (SEC) opened charges against Spartan Securities Group, Ltd., a broker-dealer, and Island Capital Management LLC, a transfer agent, which also operates as Island Stock Transfer, for creating and selling a minimum of 19 bogus public companies. The scheme was initiated by Spartan Securities, which filed documents with the Financial…
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