Investment Fraud Class Action Filed Against Inofin

Plymouth County, MA: A securities class action lawsuit has been filed on behalf of investors who suffered losses from the recent $110 million Inofin fraud alleged by the SEC. Inofin investors who suffered losses due to the alleged fraud may be eligible for financial compensation.

The Class Action Complaint is against Inofin and its principal officers, President Michael Cuomo, Chief Executive Officer Kevin Mann, and Chief Operating Officer Melissa George. According to the Complaint, this group violated the Massachusetts Uniform Securities Act (MUSA) by conducting business in Massachusetts as a broker-dealer or agent without being registered, and selling unregistered securities.

Presented to the public as a motor vehicle sales finance company specializing in the purchase of subprime auto loans, Inofin has never been registered with the SEC or the Massachusetts Securities Division of the Offices of the Secretary of the Commonwealth. This, the complaint alleges, did not stop the defendants from collecting upwards of $110 million through the sale of unregistered securities. The victims span twenty-five states and the District of Columbia.

Inofin Securities Fraud Class Action Legal Help

If you or a loved one has suffered damages in this case, please click the link below and your complaint will be sent to a lawyer who may evaluate your claim at no cost or obligation.
Published on Dec-2-11