WASHINGTON (CN) – The SEC issued an “Investor Warning” that Eric Bartoli, whom it sued for securities fraud, may be operating another game out of Peru using the alias Enrico Orlandini. The SEC says Bartoli/Orlandini calls his new company DT Analysis or Dow Theory Analysis.
“Investors who are solicited by these named persons or entities should take steps to satisfy themselves that the offer is legitimate and complies with the law,” the SEC said.
A federal judge issued a contempt order against Bartoli in 2000, when he refused to surrender his passport, the SEC says. The SEC sued him in 1999, claiming Bartoli’s companies – Cyprus Funds, and Latin American Services Co. – ran a $100 million Ponzi scheme.
He was sued on criminal charges for this in 2001, and ordered not to violate securities laws again, the SEC said.