Name and Shame
Name and Shame

BAJIC ET AL., REVIEW

Complaint
#5YDQJ

This complaint was posted on NAS on 6th Jan, 2021 and is a permanent record located here: https://www.nameandshame.com/bajic-et-al-5YCWP/criminal-minds-behind-international-microcap-scheme-id5ydqj .

NameandShame Author
The Smart Investor Feed
6th Jan, 2021

Criminal Minds Behind A International Microcap Scheme

Today, The Smart Investor Feed brings you another morally reprehensible fraud.


Bajic et al., has been seized/arrested by the U.S. Securities And Exchange Commission (SEC). Shocking right?


We weren’t expecting this as well, but these scammers are getting smarter by the minute, making it harder for us to identify.


Such swindlers seem to be booming in numbers lately. This case is kind of interesting, why don’t I show you why:

Full Report On Bajic et al.,

On November 20 and 23, 2020, a federal court in New York entered final judgments against Rajesh Taneja, Aaron Dale Wise, and Christopher McKnight for their roles in a scheme that generated more than $35 million of illegal sales of stock in at least 45 microcap companies. Among other things, the court ordered Taneja and Wise to pay a combined total of over $1.25 million in monetary relief. The court previously entered final judgments in May 2020 against six companies involved in the scheme and ordered the companies to pay a combined total of close to $32 million.


As alleged in the SEC's complaint, filed in January 2020, Taneja, a Canadian citizen, and Steve M. Bajic, a citizen of Canada and Croatia, helped shareholders secretly dump large quantities of microcap stock. According to the complaint, Bajic and Taneja used companies they controlled, including the six companies against whom the final judgments were issued, to facilitate the scheme. The six companies were used to buy and sell stock to mask the ownership interest of controlling shareholders. According to the complaint, Wise and McKnight used business bank accounts that they controlled to conceal the sources of funds used to pay for related stock promotions.


Taneja, Wise, and McKnight consented to final judgments enjoining them from future violations, or aiding and abetting violations, of Sections 5(a) and (c) and 17(a)(1) and (3) of the Securities Act and Section 10(b) of the Exchange Act and Rules 10b-5(a) and (c) thereunder. As to defendant Taneja, the final judgment also enjoins him from future violations, or aiding and abetting violations, of Sections 13(d) and 15(a) of the Exchange Act and imposes a penny stock bar. The judgments order Taneja to pay disgorgement and prejudgment interest totaling $947,172.29 and order Wise to pay disgorgement, prejudgment interest, and civil penalties totaling $307,185.11. The judgments order disgorgement and/or penalties for McKnight and penalties for Taneja in an amount to be determined by the Court. On May 7, 2020, the court entered final judgments against Wisdom Chain Ltd., Sure Mighty Ltd., Norfolk Heights Ltd., Crystalmount Ltd., Fountain Drive Ltd. and Island Fortune Global Ltd. and, among other relief, ordered each to pay disgorgement and prejudgment interest that combined totaled nearly $32 million.


Conclusion: Bajic et al., Is A Fraud

The report on SEC clearly suggests that Bajic et al., never had any intentions to do honest business or provide helpful services. Main intention behind all their actions was to take advantage of the honesty & gullibility of people and scam them. It would be an understatement to call this a mere fraud, this one is a scandal.


If you feel like you are a victim of this scam, then I recommend contacting a law firm and consulting with them about a lawsuit. Companies & firms pay huge reprimands to settle serious lawsuits.

Help Us Fight These Criminals

Do you have evidence against Bajic et al., or one of their associates, then please post it here. These criminals rely on their witnesses’ & victims’ silence, if you speak up, then they get exposed and punished for their horrific acts. I started The Smart Investor Feed on this site with only one purpose; to become a nightmare for the financial frauds in the country. I try to post often, so you can bookmark my profile for regular updates on frauds & con-artists.


Full Disclosure: We sourced this piece of information from the SEC database


Evidence Box

0

No evidence added yet

Add your own evidence

No evidence added yet

Add your own evidence

View more complaints for Bajic et al.,?

Comments

0