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SEC Sues Ex-Biotech Exec Over $21M Boiler Room Scheme

By Dean Seal ( May 4, 2018, 9:14 PM EDT) -- The U.S. Securities and Exchange Commission sued the former president of biotechnology company Sanomedics International Holdings Inc. in Florida federal court on Friday for allegedly using an undisclosed boiler room of sales agents to fraudulently solicit approximately $21 million from more than 700 investors....

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