Edward Durante— Securities Fraud, Wire Fraud Money Laundering
Edward Durante, a.k.a. Ted Wise,,Allegedly Defrauded More than 50 Inexperienced Investors Who Purchased Shares in a Shell Company Durante Himself Controlled
Edward Durante, a.k.a. Ted Wise, a.ka. Efran Eisenberg, allegedly worked with five co-conspirators to defraud more than 50 inexperienced investors who purchased shares in a shell company he secretly controlled, according to statements from the U.S. Attorney’s Office (Southern District of New York) currently under review by attorneys Alan Rosca and Joe Peiffer.
Durante allegedly made false statements to investors that stock sale proceeds would be used to fund the company’s operations, but the money appears to have gone directly to Durante for personal use including payments to his purported accomplices, the U.S. Attorney’s office reports.
The Peiffer Rosca Wolf securities lawyers are currently investigating Edward Durante and his alleged investment scheme.
Edward Durante Allegedly Defrauded 100 Investors of More Than $14 Million; Facing Multiple Counts of Fraud, and Looking at Possible 20 Years in Prison and Maximum Fine of $5 Million
Edward Durante allegedly defrauded 100 investors of more than $14 million, and is currently facing multiple counts of fraud, and looking at a possible 20 years in prison and a maximum fine of $5 million, according to statements from the U.S. Attorney’s Office (Southern District of New York) currently under review by attorneys Alan Rosca and Joe Peiffer.
Edward Durante, between 2009 and March of 2015, allegedly, along with his co-conspirators, fraudulently induced purported victims to invest in private shares of VGTel stock, by, among other things, concealing from investors that he controlled the entities selling the shares, the U.S. Attorney’s office reports.
Edward Durante had been prohibited from any association with the sale of securities and has previously been convicted of crimes related to a similar scheme to defraud.
Securities Lawyers Investigating
The Peiffer Rosca Wolf securities lawyers often represent investors who lose money as a result of investment schemes, and are currently investigating Edward Durante’s alleged investment scheme. They take most cases of this type on a contingency fee basis and advance the case costs, and only get paid for their fees and costs out of money they recover for their clients.
Investors who believe they lost money as a result of Edward Durantes’ alleged investment scheme may contact the securities lawyers at Peiffer Rosca Wolf, Alan Rosca or Joe Peiffer, for a free no-obligation evaluation of their recovery options, at 888-998-0520.