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Former iShop staffers seek SEC action

Title: Former iShop staffers seek SEC action
Date: Friday, 30 June 2000
Publisher: Long Island Business News
Author: Carl Corry
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GARDEN CITY - Former employees of the Internet startup have filed a formal complaint with the Securities and Exchange Commission alleging that company execs are bilking investors by charging the firm consulting fees through separate companies they own. Further, the former employees say the company is illegally targeting non-accredited investors - those who do not make $200,000 a year and have a $1 million net worth. The company has also spent at least $17,000 in the past six months on ... [Read the rest at]