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Securities Industry Regulation

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FINED: River Vale Hustler Used Investments For Strip Club, Limos, More FINED: River Vale Hustler Used Investments For Strip Club, Limos, More
Fined: River Vale Hustler Used Investments For Strip Club, Limos, More Investors who “thought they were getting in on the ground floor of a legitimate business venture” were instead funding the lavish lifestyle of a River Vale man who used their money on steak dinners, limo service, $8,800 worth of visits to a strip club and other personal expenses, authorities charged. Eric J. Bruno and his company, Mirakill Brands, “misled at least eight investors – including at least seven from New Jersey – into buying unregistered securities in the form of membership interests and warrants to buy membership interests in Mirakill,” state Attorney General Gurbir S. Grewal sai…

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by Jerry DeMarco