Name and Shame
Name and Shame

MARK ALAN LISSER REVIEW

Complaint
#5YDQL

This complaint was posted on NAS on 6th Jan, 2021 and is a permanent record located here: https://www.nameandshame.com/mark-alan-lisser-5YCWR/pro-con-artist-busted-id5ydql .

NameandShame Author
The Smart Investor Feed
6th Jan, 2021

Pro Con Artist Busted

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

Mark Alan Lisser 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 Mark Alan Lisser

The SEC today charged New York resident Mark Alan Lisser with fraud for operating at least two boiler rooms, on Long Island, New York and in Boca Raton, Florida, through which he raised approximately $2.1 million from at least 71 retail investors and misappropriated more than $900,000 of their funds.

According to the SEC's complaint, from approximately October 2018 to March 2019, Lisser, and salespeople that he directed in the boiler rooms, solicited investors for Knightsbridge Capital Partners, an unregistered fund manager he operated, by misrepresenting that the Knightsbridge-managed funds had purchased "pre-IPO" shares in three well-known companies directly from employees of the companies. As the complaint alleges, Knightsbridge did not own any shares at the time it solicited investors and subsequently purchased shares or interests in shares of the companies from third parties, not employees. Additionally, as alleged in the complaint, Knightsbridge never owned enough shares to cover the sales it had made to investors.

The complaint further alleges that Lisser and his salespeople falsely claimed to investors that Knightsbridge only charged investors a fee based on the profits after the pre-IPO companies went public, such that Knightsbridge and the investors were on the "same side of the trade," despite significantly marking up sales and charging commissions. According to the complaint, Lisser misappropriated over $900,000 of investor funds, including by transferring some of the funds to his personal bank account and using investor funds to pay credit card bills.

The SEC's complaint, filed in federal court for the Eastern District of New York, charges Lisser with violations of the antifraud provisions of Section 17(a) of the Securities Act of 1933 and Section 10(b) and Rule 10b-5 of the Securities Exchange Act of 1934, and seeks injunctive relief, disgorgement plus prejudgment interest, and civil penalties.

In a parallel action, the U.S. Attorney's Office for the Eastern District of New York earlier today filed criminal charges against Lisser.

The SEC's continuing investigation has been conducted by Tejal D. Shah, Hane L. Kim, Joseph Darragh, Chris Ferrante and Michael Paley. The litigation will be handled by Todd Brody, Ms. Kim and Ms. Shah. The case is being supervised by Sanjay Wadhwa. The SEC appreciates the assistance of the U.S. Attorney's Office for the Eastern District of New York and the Federal Bureau of Investigation.

Conclusion: Mark Alan Lisser Is A Fraud

The report on SEC clearly suggests that Mark Alan Lisser 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 Mark Alan Lisser 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 Mark Alan Lisser?

Comments

0