Goodman & Nekvasil P.A. May Recover Investor Losses – Moddha Interactive, Inc., Marianne Veronika Sandor, Edward Michael Porrazzo and Spar Street : SEC Obtains Emergency Asset Freeze and Temporary Restraining Order
SEC Obtains Emergency Asset Freeze and a Temporary Restraining Order to Halt an Ongoing Offering Fraud Carried Out By Marianne Veronika Sandor, her Husband Edward Michael Porrazzo and their Company, Moddha Interactive, Inc.
The SEC’s complaint, which was unsealed on July 13, in U.S. District Court for the District of Hawaii, alleges that Sandor and Porrazzo told investors that Moddha Interactive had a valuable portfolio of patents for a supposed 3-D technology that can be used with tablet devices. As alleged in the complaint, however, this was false because Moddha Interactive’s patents had expired and were worthless, and the technology they promoted either did not exist or was developed by other, unrelated companies. Also, according to the SEC’s complaint, in an effort to promote the safety of the investment in Moddha Interactive, Sandor and Porrazzo lied about a share dividend buy-back program and how they would use the investor funds they raised. The complaint alleges that Sandor and Porrazzo misappropriated hundreds of thousands of dollars in investor funds to support their lifestyle. In addition, the SEC’s complaint alleges that Moddha Interactive paid over $200,000 in sales commissions to their co-defendant, Spar Street, who illegally acted as an unregistered broker in selling Moddha Interactive’s shares to investors.
Investors in Moddha Interactive, Inc. May Recover their Losses with Goodman & Nekvasil, P.A.
If you purchased your Moddha Interactive, 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 Moddha Interactive, 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 Moddha Interactive, Inc. investment.
If you incurred losses on your investment in Moddha Interactive, 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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