{"id":7873,"date":"2019-02-21T10:57:04","date_gmt":"2019-02-21T15:57:04","guid":{"rendered":"https:\/\/www.silverlaw.com\/blog\/?p=7873"},"modified":"2019-02-22T16:03:46","modified_gmt":"2019-02-22T21:03:46","slug":"new-york-securities-boiler-room-scheme-targeting-seniors","status":"publish","type":"post","link":"https:\/\/www.silverlaw.com\/blog\/new-york-securities-boiler-room-scheme-targeting-seniors\/","title":{"rendered":"New York Securities Boiler Room Scheme Targeting Seniors"},"content":{"rendered":"

\"iStock-941194586-300x200\"
\nThe SEC has brought additional charges against a Long-Island, New York-based boiler room that was sued for defrauding elderly and unsophisticated investors. The latest charges allege that Christian Romandetti, CEO of First Choice Healthcare Solutions Inc., the boiler room, and four others have committed fraud within the company’s shares and have generated more than $3.3 million of illegal profits. The new charges also allege that the parties generated more than $560,000 in kickbacks for Romandetti.<\/p>\n

The SEC’S statement alleges that Romandetti and the other parties lied to more than 100 victims in a scheme that inflated First Choice’s stock price from less than $1 per share to $3.40 per share. From September 2013 until June 2016, the parties used several accounts to disguise their trading, and engaged in fraudulent trading practices. Elite Stock Research, a boiler room run by one of the defendants, Anthony Vassallo, was hired to promote First Choice to investors.<\/p>\n

The SEC originally charged Elite Stock Research with bilking victims out of more than $10 million through fraudulent sales tactics and lies about penny stocks. Seven of the 13 individuals have pleaded guilty to criminal charges brought by the U.S. Attorney’s Office for the Eastern District of New York. The litigation against the 13 individuals is still continuing.<\/p>\n

Continue reading \u203a<\/a><\/div>\n","protected":false},"excerpt":{"rendered":"

The SEC has brought additional charges against a Long-Island, New York-based boiler room that was sued for defrauding elderly and unsophisticated investors. The latest charges allege that Christian Romandetti, CEO of First Choice Healthcare Solutions Inc., the boiler room, and four others have committed fraud within the company’s shares and have generated more than $3.3 […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[582,870,583,580],"tags":[1624,1625,1627,453,1364,1626],"class_list":["post-7873","post","type-post","status-publish","format-standard","hentry","category-elder-fraud","category-pump-and-dump-scheme","category-sec-actions","category-stockbroker-misconduct","tag-boiler-room-cold-calls","tag-christian-romandetti","tag-christian-romandetti-first-choice-healthcare-solutions","tag-elder-fraud","tag-elder-fraud-attorney","tag-first-choice-healthcare-solutions"],"yoast_head":"\nNew York Securities Boiler Room Scheme Targeting Seniors — Securities Arbitration Lawyers Blog — February 21, 2019<\/title>\n<meta name=\"description\" content=\"The SEC has brought additional charges against a Long-Island, New York-based boiler room that was sued for defrauding elderly and unsophisticated — February 21, 2019\" \/>\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\/new-york-securities-boiler-room-scheme-targeting-seniors\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"New York Securities Boiler Room Scheme Targeting Seniors — Securities Arbitration Lawyers Blog — February 21, 2019\" \/>\n<meta name=\"twitter:description\" content=\"The SEC has brought additional charges against a Long-Island, New York-based boiler room that was sued for defrauding elderly and unsophisticated — February 21, 2019\" \/>\n<meta name=\"twitter:image\" content=\"https:\/\/www.silverlaw.com\/blog\/wp-content\/uploads\/2018\/06\/iStock-941194586.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":"New York Securities Boiler Room Scheme Targeting Seniors — Securities Arbitration Lawyers Blog — February 21, 2019","description":"The SEC has brought additional charges against a Long-Island, New York-based boiler room that was sued for defrauding elderly and unsophisticated — February 21, 2019","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.silverlaw.com\/blog\/new-york-securities-boiler-room-scheme-targeting-seniors\/","twitter_card":"summary_large_image","twitter_title":"New York Securities Boiler Room Scheme Targeting Seniors — Securities Arbitration Lawyers Blog — February 21, 2019","twitter_description":"The SEC has brought additional charges against a Long-Island, New York-based boiler room that was sued for defrauding elderly and unsophisticated — February 21, 2019","twitter_image":"https:\/\/www.silverlaw.com\/blog\/wp-content\/uploads\/2018\/06\/iStock-941194586.jpg","twitter_misc":{"Written by":"Silver Law Group","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.silverlaw.com\/blog\/new-york-securities-boiler-room-scheme-targeting-seniors\/#article","isPartOf":{"@id":"https:\/\/www.silverlaw.com\/blog\/new-york-securities-boiler-room-scheme-targeting-seniors\/"},"author":{"name":"Silver Law Group","@id":"https:\/\/www.silverlaw.com\/blog\/#\/schema\/person\/de64d999508b1ad10d608a99f0d2e752"},"headline":"New York Securities Boiler Room Scheme Targeting Seniors","datePublished":"2019-02-21T15:57:04+00:00","dateModified":"2019-02-22T21:03:46+00:00","mainEntityOfPage":{"@id":"https:\/\/www.silverlaw.com\/blog\/new-york-securities-boiler-room-scheme-targeting-seniors\/"},"wordCount":431,"image":{"@id":"https:\/\/www.silverlaw.com\/blog\/new-york-securities-boiler-room-scheme-targeting-seniors\/#primaryimage"},"thumbnailUrl":"https:\/\/www.silverlaw.com\/blog\/wp-content\/uploads\/2018\/06\/iStock-941194586-300x200.jpg","keywords":["boiler room cold calls","Christian Romandetti","Christian Romandetti First Choice Healthcare Solutions","elder fraud","elder fraud attorney","First Choice Healthcare Solutions"],"articleSection":["Elder Fraud","Pump and dump scheme","SEC Actions","Stockbroker Misconduct"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.silverlaw.com\/blog\/new-york-securities-boiler-room-scheme-targeting-seniors\/","url":"https:\/\/www.silverlaw.com\/blog\/new-york-securities-boiler-room-scheme-targeting-seniors\/","name":"New York Securities Boiler Room Scheme Targeting Seniors — Securities Arbitration Lawyers Blog — February 21, 2019","isPartOf":{"@id":"https:\/\/www.silverlaw.com\/blog\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.silverlaw.com\/blog\/new-york-securities-boiler-room-scheme-targeting-seniors\/#primaryimage"},"image":{"@id":"https:\/\/www.silverlaw.com\/blog\/new-york-securities-boiler-room-scheme-targeting-seniors\/#primaryimage"},"thumbnailUrl":"https:\/\/www.silverlaw.com\/blog\/wp-content\/uploads\/2018\/06\/iStock-941194586-300x200.jpg","datePublished":"2019-02-21T15:57:04+00:00","dateModified":"2019-02-22T21:03:46+00:00","author":{"@id":"https:\/\/www.silverlaw.com\/blog\/#\/schema\/person\/de64d999508b1ad10d608a99f0d2e752"},"description":"The SEC has brought additional charges against a Long-Island, New York-based boiler room that was sued for defrauding elderly and unsophisticated — February 21, 2019","breadcrumb":{"@id":"https:\/\/www.silverlaw.com\/blog\/new-york-securities-boiler-room-scheme-targeting-seniors\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.silverlaw.com\/blog\/new-york-securities-boiler-room-scheme-targeting-seniors\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.silverlaw.com\/blog\/new-york-securities-boiler-room-scheme-targeting-seniors\/#primaryimage","url":"https:\/\/www.silverlaw.com\/blog\/wp-content\/uploads\/2018\/06\/iStock-941194586.jpg","contentUrl":"https:\/\/www.silverlaw.com\/blog\/wp-content\/uploads\/2018\/06\/iStock-941194586.jpg","width":1254,"height":836,"caption":"A senior adult man is using his smartphone to talk to someone and is looking at his credit card. He may be the victim of a telephone scam."},{"@type":"BreadcrumbList","@id":"https:\/\/www.silverlaw.com\/blog\/new-york-securities-boiler-room-scheme-targeting-seniors\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.silverlaw.com\/blog\/"},{"@type":"ListItem","position":2,"name":"New York Securities Boiler Room Scheme Targeting Seniors"}]},{"@type":"WebSite","@id":"https:\/\/www.silverlaw.com\/blog\/#website","url":"https:\/\/www.silverlaw.com\/blog\/","name":"Securities Arbitration Lawyers Blog","description":"Published by Securities Arbitration Lawyers \u2014 Silver Law Group","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.silverlaw.com\/blog\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.silverlaw.com\/blog\/#\/schema\/person\/de64d999508b1ad10d608a99f0d2e752","name":"Silver Law Group","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/secure.gravatar.com\/avatar\/9eb0a691642ae95c68ee1c45b5f50f35bae76a41f3d9f861c7bfd40c87661746?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/9eb0a691642ae95c68ee1c45b5f50f35bae76a41f3d9f861c7bfd40c87661746?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/9eb0a691642ae95c68ee1c45b5f50f35bae76a41f3d9f861c7bfd40c87661746?s=96&d=mm&r=g","caption":"Silver Law Group"}}]}},"jetpack_featured_media_url":"","_links":{"self":[{"href":"https:\/\/www.silverlaw.com\/blog\/wp-json\/wp\/v2\/posts\/7873","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.silverlaw.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.silverlaw.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.silverlaw.com\/blog\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.silverlaw.com\/blog\/wp-json\/wp\/v2\/comments?post=7873"}],"version-history":[{"count":2,"href":"https:\/\/www.silverlaw.com\/blog\/wp-json\/wp\/v2\/posts\/7873\/revisions"}],"predecessor-version":[{"id":7875,"href":"https:\/\/www.silverlaw.com\/blog\/wp-json\/wp\/v2\/posts\/7873\/revisions\/7875"}],"wp:attachment":[{"href":"https:\/\/www.silverlaw.com\/blog\/wp-json\/wp\/v2\/media?parent=7873"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.silverlaw.com\/blog\/wp-json\/wp\/v2\/categories?post=7873"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.silverlaw.com\/blog\/wp-json\/wp\/v2\/tags?post=7873"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}