During the dot.com boom, investors routinely bought shares of companies with no business experience, assets, or revenue. But how about a company with no employees, office space, customers or products? Sound like a tough sale? Would it help if I told you it was a “green energy” company? It turns out that this company, Green Energy Live, Inc., was a very bad investment. And this is why its promoter, Nicholas Louis Geranio, finds himself being financially regulated. Faced with an SEC fraud complaint, Mr. Geranio now appears to be settling with the SEC, with no admission of wrongdoing. More on this below. [Read more…]
Company With “No Employees, Office Space, Customers, or Products” was Bad Investment.
Filed Under: boiler room, Investment scam, Lighter Note, News, Pump and Dump, Red Flags, SEC, Securities and Exchange Commission, Securities Fraud Tagged With: Blu Vu Deep Oil & Gas Exploration Inc., BWRE Hawaii, Consent Order, Green Energy Live Inc., Kaleidoscope Real Estate Inc., Keith Michael Field, LLC, Microresearch Corp., Mundus Group Inc., Nicholas Geranio, Nicholas Louis Geranio, Power Nanotech Inc., SEC Consent Order, Spectrum Acquisition Holdings Inc., The Good One Inc., United States Oil & Gas Corp., Wyncrest Group Inc.
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