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SEC files lawsuit against alleged swindler

Title: SEC files lawsuit against alleged swindler
Date: Friday, 27 August 2004
Publisher: Atlanta Business Chronicle
Author: Justin Rubner
Main source: atlanta.bizjournals.com

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The Securities and Exchange Commission is suing a British national and his Chattanooga company, claiming he defrauded investors out of $12.4 million. According to the SEC, Peter Warren of ExoBrain LLC (formerly E-Brain Solutions) in 2000 through 2001 falsely claimed to have developed multilanguage voice-activation technology to make computers easier to use, the agency says in a lawsuit filed Aug. 18 in U.S. District Court in Atlanta. Through the Internet and other media, the lawsuit says, Warren solicited money from inexperienced ... [Read the rest at atlanta.bizjournals.com]