Interactive Media Solutions, LLC and John Anthony Giunti Charged by SEC – Goodman & Nekvasil P.A. May Recover Investor Losses
Securities and Exchange Commission Charges Interactive Media Solutions, LLC and John Anthony Giunti
On July 25, 2017, the Securities and Exchange Commission charged Interactive Media Solutions, LLC and its sole principal John Anthony Giunti with perpetuating a securities offering fraud.
According to the SEC’s complaint, IMS claimed to have developed a mobile phone application that could send money from a cellphone. The complaint alleges that from July 2015 through November 2016, IMS and Giunti raised nearly half a million dollars from more than 20 investors and had plans to raise an additional $5 million with hopes of a possible IPO. To lure investors, Giunti allegedly told them that investor funds would be spent for business purposes, IMS had positive cash flow, and IMS had a business partnership with Google and offices at its Los Angeles location. The SEC alleges that all of these statements were false. In reality, as alleged in the complaint, instead of using investor funds as represented for business purposes, IMS and Giunti used investor funds for Giunti’s retail purchases, large cash withdrawals, private-school tuition for his children, luxury vacations, and political contributions. Moreover, IMS allegedly had no revenue from operations, nor did it have any connection with Google. Rather, as alleged in the complaint, IMS was based at Giunti’s home and a San Diego business center.
Investors in Interactive Media Solutions, LLC May Recover their Losses with Goodman & Nekvasil, P.A.
If you invested in Interactive Media Solutions, LLC, Goodman & Nekvasil, P.A. may help you. Goodman & Nekvasil, P.A., a Clearwater, Florida, law firm with a national practice representing victimized investors, has recovered more than $180 million dollars on behalf of victimized investors.
All our cases are handled on a purely contingency fee basis by Kalju Nekvasil, Esq., formerly regional counsel with the NASD, now known as FINRA. Kalju Nekvasil, Esq. has practiced in this area of the law for more than 35 years.
There is no charge for an evaluation of your case. Further, we handle our cases on a contingency fee basis. This means that unless we recover money for you, we charge no attorney’s fee. Unless you recover any money, you pay us nothing, not even the costs and expenses which the firm will advance on your behalf.
If you incurred investment losses in Interactive Media Solutions, LLC and would like your case evaluated by a securities attorney (again, there is no charge for an evaluation and all cases are handled on a purely contingency fee basis), please contact us.