January 28, 2015- Atlanta, GA
The FBI announced that Marc E. Bercoon, 54, of Dunwoody, and William A. Goldstein, 51, of Atlanta, have been indicted and arrested on federal charges that they manipulated the market for shares of Medcareers Group, Inc. (MCGI) a publicly traded company and organized a second business which was a part of the fraud.
According to the U.S. Attorney’s office, they carried out ‘pump and dump’ schemes from July 2009-September 2011 by issuing misleading press releases and sending out mass emails touting Medcareers Group.
The indictment also alleges that from May 2009-June 2010, Bercoon and Goldstein carried out a second fraud soliciting money which would purportedly be used to fund the development of an Internet search engine, ‘Find.com”. According to the FBI announcement they used the bulk of the $1.5 million raised for unrelated personal purposes.
If you invested in Medcareers Group or Find.com through a registered stockbroker or broker dealer, you may be entitled to damages. Call to discuss this with an experienced securities attorney.
Rex Securities Law , with offices in Boca Raton, FL, and Austin, TX, provides representation to investors nationwide who are seeking recovery of investment losses due to the negligence or fraud of stockbrokers and broker dealers. If you have questions about how your account has been handled, call to speak with an experienced securities attorney.
Most cases handled on a contingent fee basis meaning that you do not pay legal fees unless we are successful.
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