Tampa Man Pleads Guilty In Facebook Pre-IPO Scam

Tampa Man Pleads Guilty In Facebook Pre-IPO Scam

Tampa Man Pleads Guilty In Facebook Pre-IPO Scam 150 150 Robert Rex, Esq.

August 13, 2015-Tampa, Florida

The FBI announced that Gignesh Movalia, 40, of Tampa, pleaded guilty to one could of investment advisor fraud in connection with his operation of the OM Global Fund.

Movalia solicited more than $15 million by touting access to pre-IPO shares of Facebook. He made material misrepresentations and omissions and OM Global Fund lost about $9 million. His sentencing will be scheduled at a later date.

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.

Nationwide Representation

Rex Securities Law

TollFree: 877-224-3199

Florida-561 391 1900 

Texas-512-329-2870

Verified by MonsterInsights