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Attention Borland Investors: Sales Practices of Brokers Who Recruited Investors to Borland’s Belize Investments Investigated by Securities Lawyers

Brent Borland allegedly ran a fraudulent investment scheme that purported to raise money to finance the construction of an international airport in Placencia, Belize, but in reality transferred much of the money to Borland himself, and used it to pay for his luxurious lifestyle, according to an SEC Complaint under review by securities attorney Paul Scarlato.

Attorney Paul Scarlato of the Goldman Scarlato & Penny law firm is investigating sales practices related to Brent Borland’s allegedly fraudulent investment scheme and is available to talk to investors who were recruited by brokers to invest in Borland’s alleged scheme.

Borland advertised and sold fraudulent promissory notes to investors through a number of brokers, who received over $1.4 million in total sales commissions, the SEC Complaint states.

The first of Borland’s investment programs was Belize Infrastructure Fund I, LLC, a Florida Limited Liability Company, and the second was Borland Capital Group LLC, a Delaware Limited Liability Company headquartered in New York City, the SEC Complaint notes. Both programs purported to be in the business of selling promissory notes to finance the construction of an airport in Placencia, Belize.

Borland allegedly siphoned investor funds and diverted them to himself and his family via the account of another entity under his control, Relief Defendant Canyon Acquisitions,LLC, a holding company owned by Borland and his wife, the SEC Complaint states.

Borland & His Family Allegedly Reaped the Benefits of at Least $5.98 in Misappropriated Investor Money, While the Promissory Notes Sold to Investors Were Not Repaid or Slipped into Default

As Borland and his family reaped the benefits of at least $5.98 million in purloined investor cash, his promissory note investors were not so fortunate, according to the SEC Complaint. The maturity dates on nearly all— if not all— of those notes have passed without repayment and all of the notes have slipped into default, the SEC Complaint states.  Most note investors have not been paid any of what they are owed, including no interest payments and there has been no return of principal, the SEC alleged.

Borland and certain other defendants sued by the SEC, in the course of the alleged fraud, allegedly made repeated misrepresentations and reportedly hid material information from investors. In addition to making false statements about the use of investor funds, the defendants purportedly promised huge returns with quick payment terms, the SEC alleged. Borland, however, while selling his notes to new investors, concealed that the overwhelming majority of prior notes were in default and prior note investors had not been paid one penny of interest or principal, the SEC Complaint alleges.

Securities Lawyers Investigating

The Goldman Scarlato & Penny, PC law firm represents investors who lose money as a result of investment-related fraud or misconduct, and is currently investigating Brent Borland’s alleged investment scheme. The firm takes most cases of this type on a contingency fee basis and advance the case costs, and only gets paid for their fees and costs out of money recovered for clients. Attorney Paul Scarlato has represented thousands of victimized investors across the country and around the world in cases ranging from arbitrations to class actions, and has helped recover tens of millions of dollars on behalf of investors.

Investors who believe they lost money as a result of Brent Borland’s alleged investment scheme may contact attorney Paul Scarlato for a free no-obligation evaluation of their recovery options, at 888-998-0530, via email at scarlato@lawgsp.com, or through the contact form on this webpage.

Fintech Startup Mozido Inc. and Its Reported Founder Michael Liberty Investigated by Securities Lawyers for Alleged Fraud

Michael Liberty, the founder of the fintech startup now known as Mozido Inc., allegedly swindled hundreds of investors into making investments into his shell companies instead of Mozido, according to an SEC Complaint under review by investor rights lawyer Paul Scarlato.

Goldman Scarlato & Penny, P.C. attorney Paul Scarlato is investigating activity related to Michael Liberty’s alleged investment fraud. Investors who believe they have lost money related to Mozido are encouraged to contact attorney Paul Scarlato with any useful information or for a free, no obligation discussion about their options.

Liberty allegedly orchestrated a scheme with his wife Brittany Liberty, his attorney George Marcus, his cousin Richard Liberty, and his cousin’s friend Paul Hess to induce investors to buy unregistered interests in shell corporations controlled by Michael Liberty, according to the SEC Complaint.

Liberty claimed that his shell companies owned transferrable interests in Mozido, the Complaint states. In reality, however, those shell companies either did not own, nor were they allowed to transfer interests in the company, the SEC Complaint states.

Liberty & His Accomplices Allegedly Made Misrepresentations to Investors Regarding Mozido’s Valuation & Finances, and the Amount He Personally Invested

Michael Liberty and his accomplices allegedly made false statements to investors regarding Mozido’s valuation and finances, how much Michael Liberty had personally invested in Mozido, and the use of their funds, according to the SEC Complaint under review by attorney Paul Scarlato.

Michael Liberty and his accomplices also executed a set of transactions in which they used investors’ own money to substantially diminish their interests, and duped investors into trading securities for others worth substantially less, according to the Complaint.

The SEC’s Complaint has been filed in federal court in Maine and it charges the defendants with violating the antifraud and registration provisions of the federal securities laws.

Securities Lawyers Investigating

The Goldman Scarlato & Penny law firm often represents investors who lose money as a result of investment-related fraud or misconduct. Its lawyers are currently investigating Michael Liberty’s alleged investment fraud. The firm takes most cases of this type on a contingency fee basis and advances the case costs, and only gets paid for their fees and costs out of money recovered for clients.

Investors who believe they lost money as a result of Michael Liberty’s alleged investment fraud may contact attorney Paul Scarlato for a free no-obligation evaluation of their recovery options, at 888-998-0530, via email at scarlato@lawgsp.com, or through the contact form on this webpage.

The Falls Event Center and Its CEO, Steven Down Charged by the SEC with Raising Money from Investors Through Misrepresentations and Omissions

The Falls Event Center and its CEO, Steven Down have been charged with the SEC with fraudulently raising about $120 million from over 300 investors across the country, according to an SEC Complaint and Judgments reviewed by attorney Paul Scarlato.

Securities attorney Paul Scarlato and his partners are investigating The Falls Event Center and Steven Down’s allegedly improper sales of promissory notes to investors.  The Falls Event Center investors who are concerned about their investments may contact attorney Paul Scarlato with any useful information or for a free, no-obligation evaluation of their legal options.

The SEC charged The Falls Event Center (“TFEC”), a Utah limited liability company, and its CEO Steven Down of West Jordan, Utah with making false statements to prospective investors about the profitability of certain of The Falls Event centers.

TFEC and Down Allegedly Solicited Investments at Conferences and Professional Seminars

TFEC and its principal, Steven Down, stand accused of seeking investments in The Falls Event Centers by making falsely representing to prospective investors that some or all of the event centers were profitable, according to the SEC’s Complaint.

In reality, Down knew or should have known – and by 2016 had been informed by TFEC’s executive team members – that the event centers were not profitable, and his representations to prospective investors to the contrary were inaccurate, the securities regulators alleged.

TFAC executive team members also allegedly informed Down, in 2016, that his event center model was unsustainable because of the millions of dollars in debt to investors and to the event center mortgage holders, the SEC’s Complaint stated.

Shortly after being sued by the SEC and accused of fraud, The Falls Event Centers and Down consented to the entry of a final judgment permanently enjoining them from future violations of sections of the Securities Act, and Down has also agreed to pay a civil penalty of $150,000.  However, subsequently Down has reportedly reneged on his consent to the entry of judgment and has denied he engaged in fraud.

Securities Lawyers Investigating Down, The Falls Event Center

The Goldman Scarlato & Penny PC law firm’s securities lawyers often represent investors who suffered investment losses as a result of fraud or misconduct.  They are investigating The Falls Event Center and Steven L. Down’s alleged investment fraud and are preparing to take action on behalf of victimized investors. GSP takes most cases of this type on a contingency fee basis and advance the case costs, and only gets paid for its fees and costs out of money recovered for clients. The GSP lawyers have represented thousands of victims of investment fraud and misconduct nationwide.

The Falls Event Centers investors who are concerned about their investments may contact GSP attorney Paul Scarlato for a free, no-obligation review of their case and discuss about their recovery options, at 888-872-6975, via email at scarlato@lawgsp.com, or through the contact form on this webpage.

SEC Charges Arthur Lamar Adams With Operating $85 Million Dollar Ponzi Scheme, Obtains Asset Freeze

Arthur Adams allegedly ran an $85 million Ponzi scheme out of Jackson, Mississippi which involved 150 investors, according to an SEC Complaint under review by attorney Paul Scarlato.

Attorney Paul Scarlato, of the Goldman, Scarlato & Penny law firm, is investigating activity related to Arthur Lamar Adams’ alleged Ponzi scheme. Investors who believe they may have lost money in activity related to Arthur Lamar Adams are encouraged to contact attorney Paul Scarlato with any useful information or for a free, no obligation discussion about their options.

According to the SEC complaint, Adams made false statements to investors by telling them that their money would be used by his company, Madison Timber Properties, LLC, to secure harvest timber rights from various land owners located in Alabama, Florida, and Mississippi, and promised annual returns of 12-15%.

In reality, however, Madison Timber never obtained any harvesting rights, and  Adams instead made forged deeds and made deals with documents purportedly reflecting the value of the timber on the land, the SEC Complaint notes.

Adams, of Jackson, Mississippi, has also agreed to permanent injunctions, an asset freeze, and expedited discovery, according to the SEC Complaint.

In a parallel action, the U.S. Attorney’s Office for the Southern District of Mississippi announced criminal charges against Adams.

Adams Allegedly Paid Earlier Investors with Later Investors’ Funds, a Telltale Sign of Ponzi Scheme, and Used Investors’ Money for Personal Expenses

Adams’s scheme paid early investors with later investors’ funds and convinced investors to roll over their investments, according to the SEC Complaint under review by Paul Scarlato.

Adams also used investors’ money for personal expenses and to develop an unrelated real estate project, the Complaint notes.

Finally, the SEC’s Complaint charges Adams with violating the antifraud provisions of the Securities Act of 1933.

Securities Lawyer Investigating

The Goldman, Scarlato & Penny law firm represents investors who lose money as a result of investment-related fraud or misconduct and are currently investigating Arthur Lamar Adams’ alleged Ponzi scheme and would like to talk to investors. The firm takes most cases of this type on a contingency fee basis and advance the case costs, and only gets paid for their fees and costs out of money recovered for clients. Attorney Paul Scarlato, a securities lawyer, has represented thousands of victimized investors across the country and around the world in cases ranging from arbitrations to class actions, and has helped recover tens of millions of dollars on behalf of investors.

Investors who believe they lost money as a result of Arthur Lamar Adams’ alleged Ponzi scheme and would like to talk to investors may contact attorney Paul Scarlato for a free no-obligation evaluation of their recovery options, at 888-998-0530, via email at scarlato@lawgsp.com, or through the contact form on this webpage.

Knorr-Bremse AG & Westinghouse Air Brake Technologies Corp. (Wabtec) Allegedly Maintained Unlawful Non-Compete Agreements for One Another’s Workers

Knorr-Bremse AG and Westinghouse Air Brake Technologies Corporation (Wabtec), two of the world’s largest rail equipment suppliers, reportedly reached an agreement with the Dept. of Justice to resolve a DOJ lawsuit alleging that Knorr and Wabtec had maintained unlawful non-compete agreements for one another’s employees, according to a DOJ Release under review by Goldman Scarlato & Penny attorney Brian Penny.

Attorney Brian Penny is investigating potential misconduct related to Knorr-Bremse AG & Wabtec’s alleged non-compete and “no-poach” conspiracy. Former employees from Knorr-Bremse AG & Wabtec who believe they may have been affected by Knorr-Bremse AG & Wabtec’s alleged non-compete and “no-poach” agreements are encouraged to contact attorney Brian Penny with any useful information or for a free, no obligation discussion about their legal options.

Knorr-Bremse AG & Wabtec Allegedly Entered into a “No-poach” Agreement with Rail Equipment Supplier Faiveley Transport S.A.

The DOJ lawsuit alleged that the companies entered into similar “no-poach” agreements with rail equipment supplier Faiveley Transport S.A. before Faiveley was acquired by Wabtec in November 2016, according to the aforementioned Release under review by attorney Penny.

The Justice Department’s Antitrust Division filed a civil antitrust lawsuit on April 3rd in the U.S. District Court for the District of Columbia to challenge Knorr and Wabtec’s no-poach agreements, the Release states, and presented a proposed settlement of that suit the same day.

Antitrust Lawyers Investigating

The Goldman Scarlato & Penny PC firm often represents victims of antitrust conspiracies such as the alleged non-compete and no-poaching agreements at issue here, and are currently investigating Knorr-Bremse AG & Wabtec’s alleged non-compete and “no-poach” conspiracy. The firm takes most cases of this type on a contingency fee basis and advance the case costs, and only gets paid for their fees and costs out of money recovered for clients.

Workers from Knorr-Bremse AG & Wabtec who believe they were affected by activity related to Knorr-Bremse AG & Wabtec’s alleged non-compete and “no-poach” conspiracy may contact attorney Brian Penny for a free no-obligation evaluation of their recovery options, at 888-998-0530, via email at penny@lawgsp.com, or through the contact form on this webpage.

PixarBio CEO Frank Reynolds, & M. Jay Herod & Kenneth Stromsland Allegedly Took Part in Securities Fraud & Manipulated PixarBio Trading

Frank Reynolds, 55, the CEO of Boston-based PixarBio, and two associates, M. Jay Herod, 51, and Kenneth Stromsland, 45, allegedly took part in a an elaborate securities fraud scheme to defraud PixarBio investors by producing false and misleading statements about the company, according to a Complaint from the U.S. Attorney’s Office, District of Massachusetts, under review by attorney Paul Scarlato.

Attorney Paul Scarlato, of the Goldman, Scarlato & Penny law firm, would like to talk to investors and is investigating activity related to PixarBio’s alleged securities fraud. Investors who believe they may have lost money in activity related to activity related to PixarBio’s alleged securities fraud are encouraged to contact attorney Paul Scarlato with any useful information or for a free, no obligation discussion about their options.

The aforementioned scheme also allegedly made misleading statements regarding PixarBio’s prospects, its financing, and the background and track record of Reynolds, according to the aforementioned Complaint.

Stromsland and Herod Allegedly Took Part in Manipulative Trades in PixarBio Stock that Simulated Market Interest in the Stock & Artificially Moved up the Trading Price

Stromsland and Herod, beginning in or about November 2016, allegedly manipulated trades in PixarBio stock that simulated market interest in the stock and artificially kicked up the stock price, according to the aforementioned Complaint under review by attorney Paul Scarlato.

Stromsland and Herod’s alleged trading manipulation, the Complaint notes, allegedly included:

•   overlapping orders to buy and sell PixarBio stock at the same price per share, a classic technique known as “matched trading”

•   small purchases to increase the trading price submitted shortly before trading closed at 4:00 p.m., a maneuver known as “marking the close”

•   orders to buy at a price much higher than the price of the preceding market transaction, and Herod then allegedly sharing the proceeds of his trading with Reynolds and PixarBio itself

The alleged charge of securities fraud provides for a sentence of no greater than 20 years in prison, three years of supervised release and a fine of $5 million, and sentences are imposed by a federal district court judge based on the U.S. Sentencing Guidelines and other statutory factors, the Complaint reports.

Securities Lawyer Investigating

The Goldman, Scarlato & Penny law firm represents investors who lose money as a result of investment-related fraud or misconduct and are currently investigating PixarBio’s alleged securities fraud. The firm takes most cases of this type on a contingency fee basis and advance the case costs, and only gets paid for their fees and costs out of money recovered for clients. Attorney Paul Scarlato, a securities lawyer, has represented thousands of victimized investors across the country and around the world in cases ranging from arbitrations to class actions, and has helped recover tens of millions of dollars on behalf of investors.

Investors who believe they lost money as a result of PixarBio’s alleged securities fraud may contact attorney Paul Scarlato for a free no-obligation evaluation of their recovery options, at 888-998-0530, via email at scarlato@lawgsp.com, or through the contact form on this webpage.

Hector May, Formerly of  Securities America, Allegedly Misappropriated Customer Funds

Have you or a loved one lost your hard-earned money investing with former Securities America broker Hector A. May?

Hector A. May, who was reportedly terminated by Securities America, allegedly misappropriated customer funds in a scheme that holds all the reported telltale signs of a Ponzi scheme, according to Reports from the U.S. Attorney’s Office in Manhattan under review by attorney Paul Scarlato.

Attorney Paul Scarlato, of the Goldman Scarlato & Penny, P.C. law firm, is investigating activity related to Hector May’s alleged misappropriation of client assets. Investors who believe they may have lost money in activity related to Hector May’s alleged misappropriation of client assets are encouraged to contact attorney Paul Scarlato with any useful information or for a free, no obligation discussion about their options.

Hector May is Reportedly the Subject of an Investigation by the U.S. Department of Justice Regarding a “Suspected Felony”

Hector May, who is also the subject of an investigation by the U.S. Department of Justice regarding a “suspected felony”, was a financial advisor with Securities America from 1994 to March 2018 and worked in a branch office in New City, New York, according to the aforementioned Reports under review by attorney Paul Scarlato.

May worked in the securities industry for over 40 years, according to this FINRA BrokerCheck Report.

Hector May was previously registered with the Equitable Life Assurance Society of the United States in New York, New York from June 1973 until November 1992, Equico Securities in New York from October 1980 until November 1992, Prime Capital Services in Poughkeepsie, New York from December 1992 until August 1994, Securities America from July 1994 until June 1998, and Securities America in New City, New York from August 1998 until March 2018, his BrokerCheck states.

May also has one regulatory matter against him alleging the sale of five fixed life insurance policies issued by an unlicensed New York insurer equitable of Colorado, the aforementioned investigation against him by the U.S. Department of Justice into a suspected felony, and employment separation from Securities America for misappropriation of client assets, his BrokerCheck states.

Securities Lawyer Investigating

The Goldman, Scarlato & Penny, P.C. law firm represents investors who lose money as a result of investment-related fraud or misconduct and are currently investigating Hector May’s alleged misappropriation of client assets. The firm takes most cases of this type on a contingency fee basis and advance the case costs, and only gets paid for their fees and costs out of money recovered for clients. Attorney Paul Scarlato has represented thousands of victimized investors across the country and around the world in cases ranging from arbitrations to class actions, and has helped recover tens of millions of dollars on behalf of investors.

Investors who believe they lost money as a result of Hector May’s alleged misappropriation of client assets may contact attorney Paul Scarlato for a free no-obligation evaluation of their recovery options, at 888-998-0530, via email at scarlato@lawgsp.com, or through the contact form on this webpage.

If you did, then you probably paid too much.

Interior molded doors are the most common type of interior door sold these days.  These “molded” doors are not made of solid wood, but rather have a hollow core and wooden frame that is covered in a molded plastic “door skin” made to mimic the look of a solid wood paneled door.

In recent years, the number of companies that make doors and doorskins has shrunk considerably.  In fact, today the vast majority of interior molded doors in the United States are manufactured and sold by only two companies – Jeld-Wen and Masonite.

As competition has decreased, the prices of interior molded doors has increased.

The Market for Interior Molded Doors Is Ripe for Collusion

As one might imagine, you can’t make an interior molded door without the doorskin. In fact, the doorskin itself accounts for roughly 70% of the material costs of the door.  Prior to 2012, there were three companies that supplied doorskins to door manufacturers – Jeld-Wen, Masonite and Craftmaster.  These manufacturers competed with each other for customers.

But in 2012, Jeld-Wen bought Craftmaster, reducing the number of doorskins suppliers to just two.  Here’s the problem – these two companies (Jeld-Wen and Masonite) don’t just make and supply doorskins to other door manufacturers, they also make and sell finished interior molded doors.  In other words, these two companies are the sole supplier of doorskins to companies they compete with to sell finished doors.  See where this is going?

In June 2014, Masonite decided it would no longer supply doorskins to its competitors.  That left Jeld-Wen as the only supplier of doorskins to the handful of companies that still manufactured interior doors.  As you might predict, following Masonite’s exit from the doorskins market, Jeld-Wen immediately increased the price of its interior doors.  Jeld-Wen has since announced a series of successive price increases for interior doors and Masonite has followed in virtual lockstep.

The result?  We believe consumers are now paying considerably more for interior doors than they should be paying.  If you bought an interior molded door since 2013 and believe you were affected by this conduct, then please contact us.  We can explain why we believe Jeld-Wen’s conduct violates the antitrust laws and discuss your options for striking back.  Please contact attorney Brian Penny for a free no-obligation evaluation of your recovery options, at 888-998-0530, via email at penny@lawgsp.com, or through the contact form on this webpage.

Members Allegedly Operated a Fraudulent Real Estate Investment Company, McKinley Mortgage Co. LLC, which Allegedly Bilked Hundreds of Investors

Three family members, Tobias Preston, his brother, Charles Preston, and his son, Caleb Preston, allegedly operated a fraudulent real estate investment company, McKinley Mortgage Co. LLC (McKinley), which was allegedly a “years-long scheme to bilk hundreds of investors”, according to an SEC Complaint under review by attorney Paul Scarlato.

Attorney Paul Scarlato, of the Goldman, Scarlato & Penny law firm, is investigating activity related to McKinley Mortgage Co. LLC’s alleged real estate scheme. Investors who believe they may have lost money in activity related to McKinley Mortgage Co. LLC’s alleged real estate scheme are encouraged to contact attorney Paul Scarlato with any useful information or for a free, no obligation discussion about their options.

Tobias Preston, his brother, Charles Preston, and his son, Caleb Preston, from 2012 through 2016, allegedly led investors in the fund, Alaska Financial Company III, and their affiliates, to believe that they were secure in their fund when in reality, the fund was insolvent, according to the aforementioned SEC Complaint.

During said time the Prestons and McKinley allegedly raised more than $66 million from approximately 300 investors, most of whom were retail investors, the Complaint notes.

Tobias Preston, McKinley President, Ordered to Return Assets and Pay a $2.5 Million Penalty; Charles and Caleb Preston to Pay $425,000 & $150,000 Penalties, Respectively

The Prestons and McKinley allegedly told investors that their fund, Alaska Financial Company III, purportedly earned high returns from its portfolio and investments were secure, according to the aforementioned SEC Complaint under review by attorney Paul Scarlato.

The SEC has also stated that the fund was allegedly insolvent and unable to generate sufficient revenue to meet its interest obligations for many years, the Complaint notes. What is more, although a portion of the raised funds were invested as promised to investors, the SEC alleges that Tobias Preston diverted more than $17 million to fund personal businesses and to pay for personal expenses, the Complaint states.

McKinley also allegedly misused an additional $14 million to pay for its own operational expenses, according to the SEC Complaint.

As a result, Tobias Preston, McKinley president and founder, will be ordered to return assets he allegedly improperly acquired and to pay a $2.5 million penalty, while Charles Preston and Caleb Preston agreed to pay penalties of $425,000 and $150,000, the Complaint states.

Finally, McKinley Mortgage will turn over operations to a “professional manager” who will be reviewed by the SEC, the SEC reports. Without admitting or denying the SEC’s allegations, all aforementioned defendants reportedly agreed to permanent injunctions against future violations, the Complaint states.

Securities Lawyer Investigating

The Goldman, Scarlato & Penny law firm represents investors who lose money as a result of investment-related fraud or misconduct and are currently investigating McKinley Mortgage Co. LLC’s alleged real estate scheme. The firm takes most cases of this type on a contingency fee basis and advance the case costs, and only gets paid for their fees and costs out of money recovered for clients. Attorney Paul Scarlato, a securities lawyer has represented thousands of victimized investors across the country and around the world in cases ranging from arbitrations to class actions, and has helped recover tens of millions of dollars on behalf of investors.

Investors who believe they lost money as a result of McKinley Mortgage Co. LLC’s alleged real estate scheme may contact attorney Paul Scarlato for a free no-obligation evaluation of their recovery options, at 888-998-0530, via email at scarlato@lawgsp.com, or through the contact form on this webpage.

The Goldman Scarlato & Penny shareholder rights lawyers are investigating Facebook on behalf of its shareholders, following allegations of data harvesting without Facebook user permission and inquiries by Congress and UK authorities. News of the allegedly improper use of tens of millions of Facebook users’ data was followed by a plunge in Facebook’s stock price that erased over $40 billion in shareholder value.

The Goldman Scarlato & Penny lawyers are investigating whether Facebook has adequately disclosed to its shareholders the extent of the alleged improper data harvesting and Facebook’s complicity in it; the adequacy of its systems and processes to protect users’ data; and the steps it took to safeguard user data and retrieve improperly harvested data.

“Tens of billions of dollars of shareholder value have been wiped out virtually overnight, following the revelations of unauthorized harvesting of Facebook user data,” said Paul Scarlato, a Goldman Scarlato & Penny partner who is overseeing the Facebook matter investigation. “We intend to determine whether Facebook and its directors and officers breached any duties to their shareholders in connection with the alleged improper harvesting of its users’ data, and take legal action against any responsible parties.”

Goldman Scarlato & Penny has issued a press release regarding its investigation and is in touch with Facebook investors.

Facebook Shareholders May Contact the Goldman Scarlato & Penny Lawyers If you are a shareholder of Facebook, you may contact the Goldman Scarlato & Penny lawyers, Paul Scarlato or Mark Goldman to learn more about their investigation, provide any useful information you may have, and/or inquire about your legal options. The consultation is free, no-obligation, and any cases are taken on a contingency fee basis. No recovery, no fees or costs.

The Goldman Scarlato & Penny investor rights lawyers often seek redress on behalf of shareholders in cases of corporate misconduct. Facebook investors should contact them at 888-998- 0530 or via email at scarlato@lawgsp.com or goldman@lawgsp.com.

Contact: Paul Scarlato, 888-998- 0530