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That is simply a case of fraud and is something that the SEC exists to persue(and they do, frequently).
by dublinclontarf 12y ago
That is simply a case of fraud and is something that the SEC exists to persue(and they do, frequently).
- makomk 12y agoThe SEC did eventually pursue PermaPave several years after the company that'd invested in them figured out it was a Ponzi scheme and sued, and some time after they'd stopped accepting new investments. They're slow, mostly because there are so many companies out there and they don't have all that much information on them until they investigate.