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SEC Cocks an Eyebrow at Bobby Vassallo Again

The Securities and Exchange Commission will be examining Alfred Louis "Bobby" Vassallo again. In August of 2005, the commission entered a final judgment against Vassallo, enjoining him from committing further securities fraud. He had been peddling shares of a dubious Mexican telecom venture, and his investors had been wiped out. Recently, San Diego attorney Oleg Cross wrote U.S. district court to report that once again, Vassallo was soliciting investors for a wireless venture. The shares were not registered. The court responded that if the SEC were interested in looking at him again, it would entertain such a possibility. The SEC said it definitely wanted to interview Vassallo again, partly because he had not paid the $2 million assessed against him for his earlier violations. Vassallo may be in contempt of one or more of the provisions of the final judgment, said the agency.

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The Securities and Exchange Commission will be examining Alfred Louis "Bobby" Vassallo again. In August of 2005, the commission entered a final judgment against Vassallo, enjoining him from committing further securities fraud. He had been peddling shares of a dubious Mexican telecom venture, and his investors had been wiped out. Recently, San Diego attorney Oleg Cross wrote U.S. district court to report that once again, Vassallo was soliciting investors for a wireless venture. The shares were not registered. The court responded that if the SEC were interested in looking at him again, it would entertain such a possibility. The SEC said it definitely wanted to interview Vassallo again, partly because he had not paid the $2 million assessed against him for his earlier violations. Vassallo may be in contempt of one or more of the provisions of the final judgment, said the agency.

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4S Ranch Allied Gardens Alpine Baja Balboa Park Bankers Hill Barrio Logan Bay Ho Bay Park Black Mountain Ranch Blossom Valley Bonita Bonsall Borrego Springs Boulevard Campo Cardiff-by-the-Sea Carlsbad Carmel Mountain Carmel Valley Chollas View Chula Vista City College City Heights Clairemont College Area Coronado CSU San Marcos Cuyamaca College Del Cerro Del Mar Descanso Downtown San Diego Eastlake East Village El Cajon Emerald Hills Encanto Encinitas Escondido Fallbrook Fletcher Hills Golden Hill Grant Hill Grantville Grossmont College Guatay Harbor Island Hillcrest Imperial Beach Imperial Valley Jacumba Jamacha-Lomita Jamul Julian Kearny Mesa Kensington La Jolla Lakeside La Mesa Lemon Grove Leucadia Liberty Station Lincoln Acres Lincoln Park Linda Vista Little Italy Logan Heights Mesa College Midway District MiraCosta College Miramar Miramar College Mira Mesa Mission Beach Mission Hills Mission Valley Mountain View Mount Hope Mount Laguna National City Nestor Normal Heights North Park Oak Park Ocean Beach Oceanside Old Town Otay Mesa Pacific Beach Pala Palomar College Palomar Mountain Paradise Hills Pauma Valley Pine Valley Point Loma Point Loma Nazarene Potrero Poway Rainbow Ramona Rancho Bernardo Rancho Penasquitos Rancho San Diego Rancho Santa Fe Rolando San Carlos San Marcos San Onofre Santa Ysabel Santee San Ysidro Scripps Ranch SDSU Serra Mesa Shelltown Shelter Island Sherman Heights Skyline Solana Beach Sorrento Valley Southcrest South Park Southwestern College Spring Valley Stockton Talmadge Temecula Tierrasanta Tijuana UCSD University City University Heights USD Valencia Park Valley Center Vista Warner Springs
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