23 August 2009
Where did the money go?
29/08/09 16:30
The SEC has alleged that Medical Capital Holdings took roughly $4.5 Million of investors’ money to purchase a luxury yacht in Southern California. Another $5 Million was allegedly invested in a company specializing in pornographic website advertising. Medical Capital put about $20 Million into a movie titled “The Perfect Game.” Another $7 Million went into a company that marketed a mobile phone application that showed a live video feed of a caged hamster.
Is this where you thought your Medical Capital investment was going? If not, then call us at 888 999 9396, or send an email.
Is this where you thought your Medical Capital investment was going? If not, then call us at 888 999 9396, or send an email.
SEC Complaint
29/08/09 16:23
The SEC sued Medical Capital Holdings and two of the company’s top officers, president Joey Lampariello and chief executive officer Sidney Field, on June 6, 2009. The SEC alleged that Medical Capital made misrepresentations regarding the offering of Medical Provider Funding Corporation VI. In essence, the SEC alleges that the defendants misappropriated roughly $18.5 Million of investor monies and made misrepresentations about the default history for the earlier Medical Provider Funding Corporations.
The SEC litigation is still pending.
If you lost money investing in any of the Medical Provider Funding Corporations, please give us a call at 888-990-9396, or send an email.
The SEC litigation is still pending.
If you lost money investing in any of the Medical Provider Funding Corporations, please give us a call at 888-990-9396, or send an email.