...The Complaint alleges that, (click here) from June 2009 through at least September 2010, the defendants raised approximately $5.6 million from 74 investors who invested in promissory notes issued by an Isle of Man company. Although investors were told that their money would be used to repay certain debts of the issuer's parent company, and thereby release assets that would be used to secure their promissory note obligations, the Complaint alleges that nearly all of the offering proceeds were transferred to BIG and its subsidiaries. According to the Complaint, in addition to misrepresenting the manner in which the offering proceeds would be used, the defendants failed to tell investors that BIG and its subsidiaries were in a precarious financial state....
UNITED STATES SECURITIES : CIVIL ACTION (click here)
AND EXCHANGE COMMISSION, : FILE NO.
Plaintiff
The Complaint
UNITED STATES SECURITIES : CIVIL ACTION (click here)
AND EXCHANGE COMMISSION, : FILE NO.
Plaintiff
v.
STEVEN BREWER, :
ADAM ERICKSON, :
BREWER INVESTMENT GROUP, LLC, :
BREWER FINANCIAL SERVICES, LLC, and :
BREWER INVESTMENT ADVISORS, LLC :
:
Defendants, :
ADAM ERICKSON, :
BREWER INVESTMENT GROUP, LLC, :
BREWER FINANCIAL SERVICES, LLC, and :
BREWER INVESTMENT ADVISORS, LLC :
:
Defendants, :
