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  • "I was very pleased with Mr. Meyer’s handing of my arbitration claim. Throughout the process, I felt that I was treated with respect and I always appreciated the extra effort David Meyer and his staff put forth to recover the money my stockbroker had lost. They did a tremendous job and when it was over, David was able to get back a lot more money for me than I ever expected. I have kept the firm’s number handy and would tell anyone that has been a victim of stockbroker misconduct to contact Meyer Wilson." C.F., Ohio
  • "Thankfully, we hired the law firm of Meyer Wilson - they skillfully guided us through the NASD (now FINRA) arbitration process and achieved an outstanding recovery for us. We do not know what we would have done without their help..."Mr. and Mrs. R.Springfield, Ohio
  • "Mr. Meyer and his staff was always professional and responsive to my calls and they really took their time with me to review paperwork and make sure that I remained well informed throughout the process. I feel like Mr. Meyer not only helped me to recover my investment losses, but he also helped me to get justice for my late husband..."  J.S., Ohio

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Potential Penny Stock Fraud Case Uncovered by Government


Posted on Jan 06, 2012

Last month, the federal government suspended trading at 7 firms and filed criminal charges in an alleged penny stock scheme. The government accused those involved of using fraud to encourage investments in the stock of small companies that are not traded on major exchanges. 

The 7 firms included in this action were:

  • 1st Global Financial Inc. of Nevada
  • Augrid Global Holdings Corp. of Texas
  • Comcam International Inc. of Pennsylvania
  • Microholdings US Inc. of Washington
  • Outfront Companies of Florida
  • Symbollon Corp. of Massachusetts
  • ZipGlobal Holdings Inc. of Massachusetts

The criminal cases named 13 defendants in 10 different states and charged many of the defendants with mail fraud, wire fraud, and conspiracy to commit securities fraud. At least one of the defendants in this case is from Ohio.

About our firm:

The Law Firm of Meyer Wilson is the only Ohio law firm that is exclusively dedicated to individual investor claims and class-action investor lawsuits. Our Ohio investment fraud lawyers have successfully represented investors throughout the state in securities arbitration, mediation, and litigation claims against the stockbrokers, brokerage firms, and financial advisors who caused them financial harm.

All of our cases are handled on a contingency fee, and our lawyers will not request retainers of any kind. To schedule a free consultation with an experienced Cleveland investment fraud attorney, please call the Law Firm of Meyer Wilson today at 614-224-6000 or toll-free at 1-866-827-6537. We also invite you to read our FREE book for more information about your rights and potential recovery: Five Signs of Investment Fraud... And What to Do if it's Happened to You.

Read More About Potential Penny Stock Fraud Case Uncovered by Government...

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