SEC v. Anthony J. Mastroianni, Jr.

Anthony J. Mastroianni, Jr. allegedly induced investors to purchase notes issued by his company, Global Business Development and Consulting Corp., by promising exorbitant interest rates. According to the SEC, Mastroianni gave investors conflicting explanations of the nature of Global’s business and withdrew investor money from Global’s bank account and used funds for personal expenses on luxury items.

Summary generated from official Securities and Exchange Commission press release