March 11, 2016
Posted March 30, 2016
The SEC charged California businessman Daniel Nase with raising money from investors through unregistered offerings of common stock in his Bakersfield, California-based company, BIC Real Estate Development Corp., and using the funds for personal expenses. Nase tried to cover up the theft after learning of the SEC’s investigation by investing stolen assets back into the company to make it appear he was increasing his equity stake in it. SEC
Tagged in: Regulatory Violations, Securities Fraud,