Dropped – 5/9/2016
Client was allegedly engaging in fraudulent sales of securities and sold unregistered securities through unlicensed agents. Client was charged with 38 total counts, and faced up to 215 years in prison.
Result: Longwell Lawyers demonstrated that client’s product and patents are legitimate and in no way lack value in inducing investors. The client accepted a plea to being indirectly and strictly liable for 2 counts each of unwittingly allowing for the sale of unregistered securities by unregistered agents. The Securities Fraud charge, along with 33 other counts, were all dropped.
Orange County Circuit Criminal Court