FT. LAUDERDALE, Fla., July 31, 2018 (GLOBE NEWSWIRE) -- The Lerman Law Firm (Cathy Jackson Lerman, P.A.) today praised the op-ed “Something Is Rotten in the State of Florida” for exposing fraud by Hawk Systems, Inc. and its affiliated companies as outlined in the shareholder derivative action filed against multiple parties in Palm Beach County Circuit Court by a former Hawk director who uncovered the fraud.
The article details the multimillion-dollar Hawk scheme, raising questions about Florida and Federal law enforcement agencies’ failure to investigate and prosecute the perpetrators, who took millions from investors, diverting it for their personal use.
“This article highlights serious wrongdoing by Hawk Systems, Inc., and affiliated companies who have other names, but sell the same lies and harm victims by their financial fraud,” said Cathy Lerman, Esq., Lerman Law Firm principal.
Lerman added: “This article summarizes shocking details from investigative articles by outlets including The New York Daily News, Miami Herald, and Palm Beach Post. Why, despite the overwhelming preponderance of evidence, have the FBI, IRS, SEC, Palm Beach County State Attorney Dave Aronberg and Palm Beach County Sheriff Ric Bradshaw failed to shut down the scheme or arrest those perpetrating the fraud? This is especially true given that the Palm Beach County Sheriff’s Office concluded in its official report that Hawk was ‘an organized scheme to defraud.’”
The Lerman Law Firm has been investigating Hawk and gathering information from whistleblowers and victims. As alleged in the shareholder derivative action filed against multiple defendants, including former Hawk officers and directors, the scheme was designed to trick investors – from professional athletes to elderly citizens – into putting their savings into a company that openly declared $22 million in losses to the SEC while only claiming $5,570 in sales.
The Hawk investment fraud reportedly spans at least 13 states and involves affiliated companies including Hawk Biometric Technologies, Inc., Hawk Biometrics of Canada, Inc., Auto Secure, Inc., Auto Secure USA, Inc., Secure Start USA, LLC and Fist Enterprises, LLC according to litigation filed against those companies and their principals.
If you are an investor in one or more of the above-mentioned companies and wish to provide information to assist the Lerman Law Firm in its investigation, contact Cathy Lerman at clerman@lermanfirm.com or (954) 332-1143.