
The Securities and Exchange Commission (SEC) recently filed a complaint against Frederick Alan Voight for allegedly running a ponzi scheme that bilked investors out of more than $100 million. Voight promised investors he was funding research for public companies such as DayStar, FAVA, Rhine, Topside, Intercore and IRC. In reality, he ran a ponzi scheme, paying off old investors with new investor’s money. Voight recommended his investors invest in DADS, a Driver Alertness Detection System, one that would warn tired drivers. For this venture, he raised $13.8 million and he promised them 42% annual return. He told them the funding for DADS would go through a company called InterCare, but InterCare actually did not exist and did not pay the promised returns.
If you invested money with Frederick Alan Voight, you may be entitled to recover your investment losses. Please call our securities law office in Chicago at 312-332-4200 to speak to an attorney. The call is free with no obligation.
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