The Securities and Exchange Commission today announced that it has charged Beverly Hills, Calif.-based NewPoint Financial Services, Inc. and its co-owners and controller for conducting an unregistered offering fraud aimed at Iranian-Americans in the Los Angeles area. The SEC obtained an emergency court order to freeze their assets and preserve remaining funds that were collected from investors.
Posts Tagged ‘Fund Construction’
SEC Halts Fraudulent Scheme Targeting Iranian-American Community
January 11th, 2010 
Before You Invest 
Posted in Finance Fraud 
Tags: Angeles Regional Office, Central District Of California, Certificates Of Deposit, Corporate Bonds, False Promises, Farsi Language, Fraudulent Scheme, Fund Construction, Futures Trading, Government Bonds, Interested Listeners, Investor Funds, Iranian Americans, John Farahi, Language Radio, Options Futures, Personal Residence, Rastegar, Securities And Exchange Commission, Today Announced That 
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