Three Florida Residents Charged With Orchestrating a Fraudulent Public Shell Company Scheme

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According to the SEC, David Dreslin and Michael Toups created a shell company, Anglesea Enterprises, Inc.

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(HedgeCo.Net) Fraud charges have been filed against a Florida-based CPA, a former broker, and his spouse, for their roles in a fraudulent scheme involving the creation and sale of a public shell company and false regulatory filings to facilitate the sale.

According to the SEC, David Dreslin and Michael Toups created a shell company, Anglesea Enterprises, Inc., by filing false and misleading registration statements and periodic reports with the SEC, creating a phony business plan, and appointing nominal officers and directors to conceal their control over the company. The goal of the alleged scheme was to sell Anglesea in a reverse merger for profit. The SEC also alleges that Leslie Toups served as Anglesea’s majority shareholder and director and signed filings and other documents that contained materially false and misleading statements and omissions over a multiyear period.

  • Publisher: Hedge Fund News From HedgeCo.Net
  • Date: 2018-12-04T06:33:07+00:00
  • Author: David Schroeder
  • Citation: Web link

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  • Twitter: @postandcourier
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