SEC suing Essex Capital over alleged violations

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SEC suing Essex Capital over alleged violations

By Marissa Nall / Friday, June 29th, 2018 / Comments Off on SEC suing Essex Capital over alleged violations

Ralph Iannelli Santa Barbara-based Essex Capital, which provides equipment and capital to area tech companies, is facing allegations in a civil suit by the Securities and Exchange Commission that it was a “Ponzi-like” scheme and is “on the verge of collapse.” According to the suit, brought by the SEC’s Los Angeles Regional Office in the…

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