THINK ADVISOR - June 20 - Allegations of trolling a millionaire dating site MillionaireMatch.com to defraud wealthy women has landed a venture capital company and its officers and directors in the center of a lawsuit alleging securities fraud in California. The firm of Sanford Heisler Sharp filed the suit in the Superior Court of California, alleging the principals of a venture capital operation, VentureMoney Management, defrauded a woman of $600K on the dating site MillionaireMatch.com. The firm seeks the return of her money, interest, costs and attorneys' fees. The plaintiff had filed individually against VentureMoney Management CEO Mark Bernier, who allegedly targeted her and her money on the dating site with a solicitation to invest her money in a fraudulent scheme. Bernier presented himself on the dating site as a licensed investment professional to gain the trust of the woman in order to make a sale. All the while he would "falsely" promise to return her money, according to the complaint. In addition to Bernier and VentureMoney Management, the companies VMC Holdings, Casco Bay Capital and individuals Paul Turino, Alan Maiss, James Jalil, John Zoraian, Greg Zoraian, Greg Doyle, Paul Roben, Roger Rappoport, Nishal Mohan and Mario Diez are named as defendants.
by Elizabeth Festa
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