Diane Glatfelter, Robert Rice, and Robert Anderson have been named in a civil suit brought by the SEC, which alleges that the trio was involved in a gold investment scheme and other investment scams. The investment fraud was allegedly perpetrated through K2 Unlimited Inc. and 211 Ventures LLC. According to officials, the scam took millions from investors in 8 states and overseas.
Glatfelter allegedly brought victims in with exaggerated claims, and used her position to further entice victims. According to the complaint from the SEC, Glatfelter told one investor that:
- "If I was a scam artist or anything other than upstanding, I would not be allowed to hold the CFO position of Clean Power Technologies Inc., which is a publicly traded company in the US and in Frankfurt. My background is checked constantly by the SEC."
It is further alleged that Glatfelter went ahead with at least one investment scam even after lawyers told her it was illegal. The SEC has said it wants to see the trio pay damages for the investment fraud and would also want to prevent Glatfelter from holding a position as officer or director at any public company in the future.
The investment fraud lawyers with Meyer Wilson represent victims of stock scams, Ponzi schemes, and other securities fraud nationwide in FINRA arbitration, mediation, and litigation.