{"id":1052,"date":"2012-04-19T23:12:43","date_gmt":"2012-04-19T23:12:43","guid":{"rendered":"https:\/\/www.stockbrokerfraudblog.com\/2012\/04\/silicon_valley_man_faces_sec_s"},"modified":"2022-03-09T16:16:13","modified_gmt":"2022-03-09T22:16:13","slug":"silicon-valley-man-faces-sec-s","status":"publish","type":"post","link":"https:\/\/www.investorlawyers.com\/blog\/silicon-valley-man-faces-sec-s\/","title":{"rendered":"Silicon Valley Man Faces SEC Securities Fraud Charge After Allegedly Bilking Internet Start-Up Investors of the \u201cNext Google\u201d of Millions"},"content":{"rendered":"

\t\t\t\tThe Securities and Exchange Commission has charged Benedict Van with investment fraud<\/a>. The San Jose, California man is accused of making false promises to get investors to put their money into two of his Internet companies that he claimed would become the “next Google.”<\/p>\n

The names of the start-ups: eCity, Inc. and hereUare, Inc. Van allegedly falsely told prospective investors that the companies were to go public soon, which would result in millions of dollars in fast returns. However, according to the SEC, Van had no intention of taking his companies public and he used the money given to him by investors to stay in operation. About 100 investors gave funds to Van.<\/p>\n

The Silicon Valley local would allegedly travel to cities in Northern California to visit potential investors in their own homes. Per the Commission’s complaint, investors gave Van over $6.2 million in 2007 and 2008 for hereUare. He was able to collected $880,000 in investor funds for eCity. <\/p>\n

Continue Reading \u203a<\/a><\/div>\n","protected":false},"excerpt":{"rendered":"

The Securities and Exchange Commission has charged Benedict Van with investment fraud. The San Jose, California man is accused of making false promises to get investors to put their money into two of his Internet companies that he claimed would become the “next Google.” The names of the start-ups: eCity, Inc. and hereUare, Inc. Van […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[3741],"tags":[],"class_list":["post-1052","post","type-post","status-publish","format-standard","hentry","category-securities-fraud"],"yoast_head":"\nSilicon Valley Man Faces SEC Securities Fraud Charge After Allegedly Bilking Internet Start-Up Investors of the \u201cNext Google\u201d of Millions — Investor Lawyers Blog — April 19, 2012<\/title>\n<meta name=\"description\" content=\"The Securities and Exchange Commission has charged Benedict Van with investment fraud. 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