{"id":2484,"date":"2017-06-06T00:00:00","date_gmt":"2017-06-06T04:00:00","guid":{"rendered":"http:\/\/silverlaw.lawblogger.net\/blog\/lottonet-joseph-a-vitale-florida\/"},"modified":"2018-10-08T12:37:11","modified_gmt":"2018-10-08T16:37:11","slug":"lottonet-joseph-a-vitale-florida","status":"publish","type":"post","link":"https:\/\/www.silverlaw.com\/blog\/lottonet-joseph-a-vitale-florida\/","title":{"rendered":"SEC Halts South Florida-based $4.8 Million Boiler Room Scheme Involving State Lottery Tickets"},"content":{"rendered":"<\/p>\n<p><a href=\"https:\/\/www.silverlaw.com\/blog\/wp-content\/uploads\/2017\/07\/Bahram-Mirhashemi-Facing-Allegations-of-Elder-Financial-Fraud.jpg\" target=\"_blank\"><img loading=\"lazy\" decoding=\"async\" class=\"alignleft  wp-image-2881\" src=\"https:\/\/www.silverlaw.com\/blog\/wp-content\/uploads\/2017\/07\/Bahram-Mirhashemi-Facing-Allegations-of-Elder-Financial-Fraud-300x200.jpg\" alt=\"Bahram Mirhashemi Facing Allegations of Elder Financial Fraud on silverlaw.com\" width=\"389\" height=\"259\" srcset=\"https:\/\/www.silverlaw.com\/blog\/wp-content\/uploads\/2017\/07\/Bahram-Mirhashemi-Facing-Allegations-of-Elder-Financial-Fraud-300x200.jpg 300w, https:\/\/www.silverlaw.com\/blog\/wp-content\/uploads\/2017\/07\/Bahram-Mirhashemi-Facing-Allegations-of-Elder-Financial-Fraud-768x512.jpg 768w, https:\/\/www.silverlaw.com\/blog\/wp-content\/uploads\/2017\/07\/Bahram-Mirhashemi-Facing-Allegations-of-Elder-Financial-Fraud-1024x682.jpg 1024w, https:\/\/www.silverlaw.com\/blog\/wp-content\/uploads\/2017\/07\/Bahram-Mirhashemi-Facing-Allegations-of-Elder-Financial-Fraud.jpg 1067w\" sizes=\"auto, (max-width: 389px) 100vw, 389px\" \/><\/a>The <a href=\"https:\/\/www.sec.gov\/news\/press-release\/2017-71\" target=\"_blank\">SEC filed charges<\/a> against a Pompano Beach, Florida-based company, its CEO and its top sales agent in late March 2017, accusing them of conducting a boiler room operation that bilked investors out of almost $5 million.<\/p>\n<p>According to the <a href=\"https:\/\/www.sec.gov\/litigation\/complaints\/2017\/comp-pr2017-71.pdf\" target=\"_blank\">SEC\u2019s complaint<\/a>, CEO David Gray and sales agent <a href=\"https:\/\/brokercheck.finra.org\/individual\/summary\/5223467\" target=\"_blank\">Joseph A. Vitale (CRD# 5223467)<\/a>, aka Donovan Kelly, were the primary figures in carrying out the scheme.<\/p>\n<p>According to the complaint, the company, LottoNet Operating Corp. (\u201cLottoNet\u201d), purported to be in the business of facilitating the purchase of lottery tickets from lotteries in various states online.<\/p>\n<div class=\"read_more_link\"><a href=\"https:\/\/www.silverlaw.com\/blog\/lottonet-joseph-a-vitale-florida\/\"  title=\"Continue Reading SEC Halts South Florida-based $4.8 Million Boiler Room Scheme Involving State Lottery Tickets\" class=\"more-link\">Continue reading \u203a<\/a><\/div>\n","protected":false},"excerpt":{"rendered":"<p>The SEC filed charges against a Pompano Beach, Florida-based company, its CEO and its top sales agent in late March 2017, accusing them of conducting a boiler room operation that bilked investors out of almost $5 million. According to the SEC\u2019s complaint, CEO David Gray and sales agent Joseph A. Vitale (CRD# 5223467), aka Donovan [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[580],"tags":[51,52,53,54,55],"class_list":["post-2484","post","type-post","status-publish","format-standard","hentry","category-stockbroker-misconduct","tag-david-gray","tag-donovan-kelly","tag-j-p-turner-company","tag-joseph-a-vitale","tag-lottonet-operating-corp"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v25.7 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>SEC Halts South Florida-based $4.8 Million Boiler Room Scheme Involving State Lottery Tickets &#8212; Securities Arbitration Lawyers Blog &#8212; June 6, 2017<\/title>\n<meta name=\"description\" content=\"If you&#039;ve lost money investing with Joseph A. Vitale or Donovan Kelly and LottoNet,. contact our firm to learn how you can try to recover your losses.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.silverlaw.com\/blog\/lottonet-joseph-a-vitale-florida\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"SEC Halts South Florida-based $4.8 Million Boiler Room Scheme Involving State Lottery Tickets &#8212; Securities Arbitration Lawyers Blog &#8212; June 6, 2017\" \/>\n<meta name=\"twitter:description\" content=\"If you&#039;ve lost money investing with Joseph A. Vitale or Donovan Kelly and LottoNet,. contact our firm to learn how you can try to recover your losses.\" \/>\n<meta name=\"twitter:image\" content=\"https:\/\/www.silverlaw.com\/blog\/wp-content\/uploads\/2017\/07\/Bahram-Mirhashemi-Facing-Allegations-of-Elder-Financial-Fraud.jpg\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Silver Law Group\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"SEC Halts South Florida-based $4.8 Million Boiler Room Scheme Involving State Lottery Tickets &#8212; Securities Arbitration Lawyers Blog &#8212; June 6, 2017","description":"If you've lost money investing with Joseph A. 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Vitale or Donovan Kelly and LottoNet,. contact our firm to learn how you can try to recover your losses.","twitter_image":"https:\/\/www.silverlaw.com\/blog\/wp-content\/uploads\/2017\/07\/Bahram-Mirhashemi-Facing-Allegations-of-Elder-Financial-Fraud.jpg","twitter_misc":{"Written by":"Silver Law Group","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/www.silverlaw.com\/blog\/lottonet-joseph-a-vitale-florida\/","url":"https:\/\/www.silverlaw.com\/blog\/lottonet-joseph-a-vitale-florida\/","name":"SEC Halts South Florida-based $4.8 Million Boiler Room Scheme Involving State Lottery Tickets &#8212; Securities Arbitration Lawyers Blog &#8212; June 6, 2017","isPartOf":{"@id":"https:\/\/www.silverlaw.com\/blog\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.silverlaw.com\/blog\/lottonet-joseph-a-vitale-florida\/#primaryimage"},"image":{"@id":"https:\/\/www.silverlaw.com\/blog\/lottonet-joseph-a-vitale-florida\/#primaryimage"},"thumbnailUrl":"https:\/\/www.silverlaw.com\/blog\/wp-content\/uploads\/2017\/07\/Bahram-Mirhashemi-Facing-Allegations-of-Elder-Financial-Fraud-300x200.jpg","datePublished":"2017-06-06T04:00:00+00:00","dateModified":"2018-10-08T16:37:11+00:00","author":{"@id":"https:\/\/www.silverlaw.com\/blog\/#\/schema\/person\/de64d999508b1ad10d608a99f0d2e752"},"description":"If you've lost money investing with Joseph A. 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