SEC Charges New Jersey Investment Adviser in Multi-Million Dollar Offering Fraud

In Banking & Finance on September 21, 2010 at 1:13 pm

Ever wonder how “Bernie Madoffesque” schemes get pulled off? It happens when unscrupulous investment advisers prey on unsophisticated investors…and it’s still happening. Here’s another one for you from New Jersey. Meet Sandra Venetis, who is being charged by the Securities and Exchange Commission with operating a multi-million dollar offering fraud involving the sale of phony promissory notes to investors, many of whom are retired or unsophisticated in investments.

The break down of how this N.J. based firm duped their investors of out of millions in order to bankroll new homes, gambling debts and vacations here:


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