Post by
abirdinthebush on May 29, 2013 7:24pm
ASC
The ASC have recently issued a penalty of $1.5M against Victor De Laet for raising $45M in Focused Life capital from investors with misleading and false statements. There were other sanctions. The other members of the CSA and the SEC are poised to take action against him in their jurisdictions where he allegedly did similar actions. Of the $45 M there is nothing left and Focused Life have gone into bankruptcy. The investors have lost everything. most of the investors were senior citizens who entrusted their life savings. Does this sound familiar?