SEC v. Norman V. Meier

Norman V. Meier allegedly orchestrated a years-long, multi-million-dollar international securities fraud. According to the SEC, from June 2015 to December 2023, Meier received at least $7.9 million from over 180 European investors and three U.S. investors. The SEC alleged that Meier engaged teams of cold-callers in Europe who used fake names and solicited investments in companies created by Meier for purposes of defrauding investors, as well as soliciting investments in well-known companies to which Meier and his teams of cold-callers had no real connection. Meier allegedly misappropriated money for his own use and to pay his overseas sales network to lure additional investors.

Summary generated from official Securities and Exchange Commission press release