Action against Defendant, the former CEO of an online media company, for alleged offering fraud.  According to the SEC, Defendant misappropriated funds raised during his company’s public securities offering.  The SEC also alleges that Defendant misled investors by, among other things, falsely representing that two celebrities were among the investors in the company.  Defendant agreed to pay a civil penalty of $179,000 and to an officer-and-director bar.

SEC Complaint

SEC Litigation Release