Archive for the ‘Mexico’ Category

SEC Alleges Fraudulent Distribution of Securities

Monday, November 26th, 2007

The Securities and Exchange Commission today filed suit against Eric Majors of South Africa and Joshua N. Wolcott of Denver, Colorado, alleging that they fraudulently offered and sold more than eight million shares of unregistered stock in Maximum Dynamics, Inc. (”Maximum)”, an alleged international projects management company headquartered in Colorado Springs, Colorado.

According to the SEC, chief executive officer Majors and former chief financial officer Wolcott issued millions of Maximum shares in the names of alleged consultants in Mexico using false consulting contracts.   The SEC claims that the individuals in Mexico had sold their identities (more…)