Niel Martin Nelson, CEO of E-Waste Systems, Inc. Charged by SEC – Goodman & Nekvasil P.A. May Recover Investor Losses

Niel Martin Nelson, CEO of E-Waste Systems, Inc. Charged by SEC – Goodman & Nekvasil P.A. May Recover Investor Losses

Securities and Exchange Commission Charges Niel Martin Nelson, CEO of E-Waste Systems, Inc.

The Securities and Exchange Commission yesterday charged two executives of a microcap company with defrauding retail investors in a penny stock scheme involving an Ohio-based electronic-waste recycling company.

The SEC’s complaint, filed in federal court in the District of Columbia, charges Niel Martin Nielson, the CEO of E-Waste Systems, Inc., with defrauding investors by orchestrating a scheme to artificially increase the company’s share price and volume. The SEC alleges that Nielson entered into a series of sham contracts, made materially false and misleading statements, and booked false revenue to create the impression that E-Waste was rapidly expanding across the United States, Europe, and Asia. The complaint alleges that E-Waste in fact had virtually no operations. The SEC’s complaint alleges that Nielson carried out this scheme with the aid of Carolyne Susan Johnson, the Secretary and Treasurer of E-Waste, who consented to entry of a final judgment in the Southern District of Ohio on these and charges related to other issuers.

E-Waste Systems Inc. Investors May Recover their Losses with Goodman & Nekvasil, P.A.

If you purchased your E-Waste Systems Inc. investment from a licensed financial advisor, Goodman & Nekvasil, P.A. can help you. Goodman & Nekvasil, P.A., a Clearwater, Florida, law firm with a national practice representing victimized investors, has filed hundreds of cases against brokerage firms selling high-risk or fraudulent investments such as E-Waste Systems, Inc. and 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. Finally, the filing of such a case should not affect your ownership of your E-Waste Systems, Inc. investment.

If you incurred losses on your investment in E-Waste Systems, Inc. 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. 


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