{"id":1765,"date":"2015-12-26T21:09:18","date_gmt":"2015-12-26T21:09:18","guid":{"rendered":"https:\/\/www.stockbrokerfraudblog.com\/2015\/12\/man_released_from_prison_faces"},"modified":"2022-07-22T08:43:29","modified_gmt":"2022-07-22T13:43:29","slug":"man-released-from-prison-faces","status":"publish","type":"post","link":"https:\/\/www.investorlawyers.com\/blog\/man-released-from-prison-faces\/","title":{"rendered":"Man Released from Prison Faces New Fraud Charges in $11M Investor Stock Scam"},"content":{"rendered":"

The Securities and Exchange Commission is charging Edward Durante with bilking investors once again. Durante, who already served a 10-year sentence for a previous securities fraud <\/a>conviction, is accused of using different aliases to defraud even more investors of millions of dollars and hiding his criminal past.<\/p>\n

According to the regulator, Durante sold shares of a shell company that he was secretly in control of and told investors that stock sale proceeds would support the company’s operations. Instead, he allegedly used the funds for his own spending while the company’s stock was worthless.<\/p>\n

The Commission contends that Durante started planning this scam while in prison. He purportedly used the name Anthony Walsh to acquire VGTel Inc. He scammed at least 50 inexperienced investors of at least $11 million by selling them this shell company’s stock. (Financial Advisor<\/em> magazine places the number of investors bilked at closer to 100 investors.)
\n Continue Reading \u203a<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

The Securities and Exchange Commission is charging Edward Durante with bilking investors once again. Durante, who already served a 10-year sentence for a previous securities fraud conviction, is accused of using different aliases to defraud even more investors of millions of dollars and hiding his criminal past. According to the regulator, Durante sold shares of […]<\/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":[3801,3760,3741],"tags":[],"class_list":["post-1765","post","type-post","status-publish","format-standard","hentry","category-sec","category-sec-enforcement","category-securities-fraud"],"yoast_head":"\nMan Released from Prison Faces New Fraud Charges in $11M Investor Stock Scam — Investor Lawyers Blog — December 26, 2015<\/title>\n<meta name=\"description\" content=\"The Securities and Exchange Commission is charging Edward Durante with bilking investors once again. Durante, who already served a 10-year sentence for a — December 26, 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\/man-released-from-prison-faces\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"Man Released from Prison Faces New Fraud Charges in $11M Investor Stock Scam — Investor Lawyers Blog — December 26, 2015\" \/>\n<meta name=\"twitter:description\" content=\"The Securities and Exchange Commission is charging Edward Durante with bilking investors once again. 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