Tuesday, November 5, 2024
HomeRetailVegas Anal Lube Guru Scott S. Fraser and Empowered Products Charged with...

Vegas Anal Lube Guru Scott S. Fraser and Empowered Products Charged with Fraud by Feds

Securities and exchange fee today charged the CEO of a sexual wellbeing products retailer and a paid promoter with orchestrating fraudulent promotional campaigns to tout the manufacturer’s inventory.

ep_uk_1The SEC alleges that Scott S. Fraser, who also was a predominant shareholder in Las Vegas-based Empowered Products Inc., separately ran a e-newsletter publishing industry and employed Nathan Yeung to secretly and fraudulent help him promote Empowered merchandise via on-line publication articles purportedly authored by using independent writers. But Fraser and Yeung actually authored, approved, and distributed the rosy articles about Empowered merchandise themselves, working under such pseudonyms as “Charlie Buck” and then hiring different promoters to disseminate the promotions to their respective subscriber lists in trade for fees. Meanwhile the promotions failed to disclose that Empowered merchandise and Fraser authorized and paid for the commercials.

“In order to make this promotional campaign more effective, Fraser and Contrarian Press worded the promotional articles to create the false appearance of objectivity in reporting on (Empowered Products) prospects,” the complaint said.

The SEC’s complaint bills Fraser, his e-newsletter organization Contrarian Press, and Yeung with violations of section 10(b) of the Securities alternate Act of 1934 and Rule 10b-5 as well as section 17(b) of the Securities Act of 1933. The complain further charges Fraser with assisting and abetting violations by means of Contrarian Press, and seeks to hold him responsible as a manage person of the organization. The complaint also chargs Yeung with aiding and abetting Fraser with the crimes.

Staffhttp://www.pacevegas.com
PaceVegas is the Publication of Everything About Las Vegas. Known for it's hard hitting exposes of crimes, the underworld and everything interesting about Vegas, it's won numerous awards from those who are scared to actually read the stories.
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