Name and Shame
Name and Shame

BENJA INCORPORATED REVIEW

Complaint
#5YDQP

This complaint was posted on NAS on 6th Jan, 2021 and is a permanent record located here: https://www.nameandshame.com/benja-incorporated-5YCWV/moralless-scammers-benjaco-avoid-them-id5ydqp .

NameandShame Author
The Smart Investor Feed
6th Jan, 2021

Moral-less Scammers! (Benja.co) Avoid them!

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


Benja Incorporated 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 Benja Incorporated

The Securities and Exchange Commission today charged a San Francisco, California-based e-commerce start-up and its chief executive officer with misleading investors about purported contracts with well-known consumer brands.


According to the SEC's complaint, from 2018 to 2020, Andrew J. Chapin, the founder and CEO of Benja Inc., told investors that Benja was a successful online advertising platform that generated millions of dollars in revenue from popular consumer clothing brands and retailers. In reality, as the complaint alleges, Benja never did business with the companies. The complaint further alleges that in order to secure investments, Chapin enlisted one or more associates to help induce investments from venture capital investors by impersonating representatives of Benja's purported customers and the supposed founder of a venture capital fund who falsely claimed to have made a large investment in Benja. According to the complaint, Chapin also provided an investor with forged contracts and doctored bank statements.


The SEC's complaint, filed in the U.S. District Court for the Northern District of California, charges Benja and Chapin with violating the antifraud provisions of Section 17(a) of the Securities Act of 1933 and Section 10(b) and of the Securities Exchange Act of 1934 Rule 10b-5 thereunder, and seeks permanent injunctions, civil money penalties, disgorgement with prejudgment interest, and an officer-and-director bar against Chapin.


Conclusion: Benja Incorporated Is A Fraud

The report on SEC clearly suggests that Benja Incorporated 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 Benja Incorporated 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


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