Wednesday, March 22, 2023 | Back issues
Courthouse News Service Courthouse News Service

Great Idea, But A Fraud, Investors Say

PHILADEPHIA (CN) - Bruce Redding Jr. defrauded investors of $1.5 million by claiming his "U-Strip" and "U-Wand" inventions could deliver medicine through the pores using sonic waves, the investors claim in Federal Court.

West Peak Ventures of Canada and Stapleton Investments claim Redding, of Broomall, Pa., lied when he said his company, Encapsulation Systems Inc., already was making money from the gizmo.

Read the Top 8

Sign up for the Top 8, a roundup of the day's top stories delivered directly to your inbox Monday through Friday.