People v. Wright

David and Ramona Wright allegedly operated a $760000 securities fraud scheme through their company, Wright Wellness Solutions, Inc. According to NY-AG, between 2009 and 2015, the Wrights solicited and obtained investments from individuals, telling investors they needed the money for research and development of a hospital bed patent and promising returns on investment. According to NY-AG, the Wrights used investor monies to fund their own lifestyle, including the purchase of a yacht, cars, Rolex watches, and a time-share.

Summary generated from official New York Attorney General press release