{"id":1638,"date":"2015-05-07T16:31:12","date_gmt":"2015-05-07T16:31:12","guid":{"rendered":"https:\/\/www.stockbrokerfraudblog.com\/2015\/05\/florida_microcap_co_accused_of"},"modified":"2022-03-22T14:25:30","modified_gmt":"2022-03-22T19:25:30","slug":"florida-microcap-co-accused-of","status":"publish","type":"post","link":"https:\/\/www.investorlawyers.com\/blog\/florida-microcap-co-accused-of\/","title":{"rendered":"Florida Microcap Co. Accused of Bilking Over 400 Investors of More than $11M"},"content":{"rendered":"

\t\t\t\tThe Securities and Exchange Commission is suing eCareer Holdings Inc. and its executives for fraud. According to the regulator, the online staffing company bilked over 400 investors of $11 million when it miserpresented the company and sold shares that were unregistered. Also accused of fraud are three boiler room brokers who tried to conceal that they were barred from the industry. <\/p>\n

According to the SEC’s microcap fraud case<\/a>, investors were bilked in cold calls that were made through a boiler room run by Frederick Birks, Dean A. Esposito, and Joseph DeVito. The three of them and their sales agents were hired by eCareer CEO Joseph J. Azzata. <\/p>\n

Investors were told their funds would go toward working capital to develop the company’s online job staffing business. Instead, approximately 30% of their money went toward outrageous fees to the agents and brokers. <\/p>\n

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

The Securities and Exchange Commission is suing eCareer Holdings Inc. and its executives for fraud. According to the regulator, the online staffing company bilked over 400 investors of $11 million when it miserpresented the company and sold shares that were unregistered. Also accused of fraud are three boiler room brokers who tried to conceal that […]<\/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":[3801,3760],"tags":[3512],"class_list":["post-1638","post","type-post","status-publish","format-standard","hentry","category-sec","category-sec-enforcement","tag-microcap-fraud"],"yoast_head":"\nFlorida Microcap Co. Accused of Bilking Over 400 Investors of More than $11M — Investor Lawyers Blog — May 7, 2015<\/title>\n<meta name=\"description\" content=\"The Securities and Exchange Commission is suing eCareer Holdings Inc. and its executives for fraud. According to the regulator, the online staffing — May 7, 2015\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.investorlawyers.com\/blog\/florida-microcap-co-accused-of\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"Florida Microcap Co. Accused of Bilking Over 400 Investors of More than $11M — Investor Lawyers Blog — May 7, 2015\" \/>\n<meta name=\"twitter:description\" content=\"The Securities and Exchange Commission is suing eCareer Holdings Inc. and its executives for fraud. According to the regulator, the online staffing — May 7, 2015\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Shepherd Smith Edwards & Kantas, LLP\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Florida Microcap Co. Accused of Bilking Over 400 Investors of More than $11M — Investor Lawyers Blog — May 7, 2015","description":"The Securities and Exchange Commission is suing eCareer Holdings Inc. and its executives for fraud. 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