This order, which was originally issued in 2013, alleged that Gregg C. Lorenzo and Charles Vista
made "fraudulent misrepresentations" to customers of Charles Vista. The
scheme was aimed at convincing customers to purchase convertible
debentures issued by Waste2Energy (W2E).
The Fair Fund to be distributed is comprised of disgorgement, prejudgment interest, and civil penalties. To date, Lorenzo has paid $130,000 in disgorgement, $20,000 in prejudgment interest, and a civil penalty of $375,000. The Fund Administrator will identify eligible investors within sixty days of the approval of the plan submitted by the Fund Administrator.
For more information about the details of Fair Fund's Distribution Process click here.
The Fair Fund to be distributed is comprised of disgorgement, prejudgment interest, and civil penalties. To date, Lorenzo has paid $130,000 in disgorgement, $20,000 in prejudgment interest, and a civil penalty of $375,000. The Fund Administrator will identify eligible investors within sixty days of the approval of the plan submitted by the Fund Administrator.
