Tuesday, March 31, 2015

Gregg C. Lorenzo and Charles Vista Disgorgement Fund Created: Over $500K In Fund

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.


GovernmentAuctions

Gerber Pocket KnivesGet ready for summer fishing trips with this assorted lot of 30 Gerber knives. These fine-quality knives are not only perfect for knife enthusiasts, but also for collectors. They’re also ideal for buyers who want to flip the knives individually for a profit. These knives come in an assortment of various sizes, colors, types, models, and conditions. They also include both fine and serrated blades. The knives all appear to be in great shape but an inspection of this auction is still strongly encouraged prior to bidding. The current asking price for this bulk auction is just $137 with 3 online bids already placed and just 2 days, 20 hours, and 36 minutes remaining. To find out more about this deal, simplyactivating your free trial now.