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SEC Takes Action Against Laser Company

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The US Securities and Exchange Commission has filed a lawsuit against a manufacturer of 3-D holographic video image projectors in Van Nuys, Calif. According to a statement released May 17, the suit charges Nicholas L. Geranio and his firm, California Laser Co., with securities fraud for the alleged misappropriation of more than $400,000 of investor funds. The complaint alleges that Geranio used investor funds to finance a motor sports racing team, to pay the mortgage on his home and to buy jewelry for his wife. The suit also says the company told investors that actor James Doohan, who...Read full article

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    Published: July 1999
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