The Securities & Exchange Commission has sued two Atlanta men, alleging cold-called investors across the country paid $3.2 million for what they thought were shares of LA Digital Post, a small Los Angeles post-production company about to go public, only to find the money was diverted fraudulently to LADP Acquisition, a different and nonoperating company.
According to the SEC, the men are heavily involved in the active LA Digital Post and the dormant LADP Acquisiton.
The SEC also got a federal court order temporarily freezing the assets of the pair, William A. Goldstein and Marc E. Bercoon, and of LADP Acquisition, which is also a party. (LA Digital Post was not sued.)
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