MIL-OSI USA: Federal Grand Jury Charges Founder of Online Live Streaming Outfit with Wire Fraud in Connection with Bogus $14 Million Stock Offering

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Source: US State of California

A former Southern California resident was charged today with defrauding more than 100 investors out of $14 million by using boiler room tactics to fraudulently offer a “pre-IPO” investing opportunity in his online streaming and entertainment company, then using much of the funds to support his lavish lifestyle.

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