September 6, 2016

The SEC charged Scott Fraser, CEO of sexual health products retailer Empowered Products, Inc., his newsletter publishing business, Contrarian Press, and Nathan Yeung, a paid promoter, with orchestrating fraudulent promotional campaigns to tout the company’s stock.  The SEC alleges that Fraser used Contrarian Press and hired Yeung to promote Empowered Products through online articles purportedly authored by independent authors.  In fact, Fraser and Yeung authored, authorized, and distributed the articles touting Empowered Products, working under pseudonyms and hiring other promoters to disseminate their promotional materials without disclosing that Empowered and Fraser had approved and paid for the advertisements.  SEC

Tagged in: Financial and Investment Fraud,