SEC Action Against Florida Investment Scheme For Targeting Seniors

The Securities and Exchange Commission has frozen the assets of a South Florida-based company that defrauded more than 100 retail investors, many of them seniors, in a Penny Stock fraud scheme. According to the SEC’s complaint, the operators of the investment scheme, NIT Enterprises CEO Gary R. Smith, Jason M. Ganton, and James E. Cleary, Jr. raised $ 4.9 million from investors by making misrepre
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