December 23, 2014
Posted January 26, 2016
The SEC charged stock promoter Efstratios “Elias” Argyropoulos with fraudulently raising nearly $3.5 million from investors purportedly to purchase Facebook and Twitter shares prior to their initial public offerings. According to the SEC, instead of purchasing the shares in the secondary market as promised, Argyropoulos and his firm Prima Capital Group misappropriated investor funds and used them primarily for day trading of stocks and options as well as to pay off certain investors who complained when they didn’t receive the promised Facebook or Twitter shares. SEC
Tagged in: Securities Fraud,