SEC Sues Nutrition Superstores.com, Inc., Advanced Wound Care, Inc., Franchise Direct, Inc., Anthony F. Musso, Jr., Jeffery Gill, Wayne Santini and Andrew W. Doney
Civil Action No. 02-81116-CIV-MIDDLEBROOKS (S.D. Fla., filed December 10, 2002 SEC Litigation Release No. 17888, December 10, 2002 The Securities and Exchange Commission today announced that it filed a civil action in the United States District Court for the Southern District of Florida against defendants Nutrition Superstores.com, Inc., Advanced Wound Care, Inc., Franchise Direct, Inc., Anthony F. Musso, Jr., Jeffrey Gill, Wayne Santini and Andrew W. Doney for perpetuating a fraudulent offering of unregistered securities. According to the Commission’s complaint, between 1998 and 2001, defendants raised at least $10.5 million from over 770 investors nationwide who purchased stock in Nutrition Superstores and Advanced Wound Care, both purported distributors of health and nutrition products. Securities were sold through a group of unlicensed sales agents affiliated with a …
Continue Reading >SEC v. Nutrition Superstores.com
UNITED STATES DISTRICT COURT SOUTHERN DISTRICT OF FLORIDA SECURITIES AND EXCHANGE COMMISSION, Plaintiff, v. NUTRITION SUPERSTORES.COM, INC., ADVANCED WOUND CARE, INC., FRANCHISE DIRECT, INC., ANTHONY F. MUSSO, Jr., JEFFERY GILL, WAYNE SANTINI, and ANDREW W. DONEY. Defendants. COMPLAINT FOR INJUNCTIVE AND OTHER RELIEF INTRODUCTION Plaintiff, Securities and Exchange Commission (“SEC” or “Commission”), alleges: 1. The Commission brings this action to restrain and enjoin the Defendants from continuing to violate the federal securities laws through their unregistered, fraudulent offering of securities issued by Nutrition Superstores.com, Inc (“NSS”) and Advanced Wound Care, Inc. (“AWC”). Between 1998 and 2001, Defendants raised at least $10.5 million from over 770 investors nationwide who purchased stock in NSS and AWC sold through a group of unlicensed sales agents affiliated with Franchise Direct, …
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