FORT LAUDERDALE, Fla., Feb. 14, 2018 (GLOBE NEWSWIRE) -- On the heels of a detailed exposé in the New York Daily News by reporter Larry McShane entitled “Wall Street trader, NFL players hit hard by ‘untouchable’ $4M mob-linked scheme” about the fraudulent schemes of penny stock company HAWK SYSTEMS, INC (“HAWK”), trading under the symbol HWSY, the Lerman Law Firm (Cathy Jackson Lerman, P.A.), has initiated an investigation into the activities of HAWK and its subsidiaries and affiliated companies. All companies are headquartered in Palm Beach County, Florida and include: Hawk Biometric Technologies, Inc., Hawk Biometrics of Canada, Inc., FIST Enterprises, LLC, Auto Secure, Inc., Auto Secure USA, Inc. and Secure Start USA, LLC.
The Lerman Law Firm is investigating information published in the New York Daily News’ article surrounding a biometric fingerprint identification device patent that HAWK purportedly owned, which was allegedly nothing but a scam to entice unwitting investors, including the elderly, into investing their hard-earned money and even life savings in HAWK. McShane’s article states that “there was no production, no product, no patent” and that HAWK had losses of $22 million and while only reporting an alleged $5570 in sales. Investor proceeds were said to have gone to pay for the lavish lifestyles of top HAWK executives and not into HAWK to actually produce a saleable product.
This article has raised vital questions as to why HAWK is still trading and how the alleged scam is continuing through the Hawk-affiliated companies. The Lerman Law Firm is investigating whether other investors have fallen victim to the same “patent” scam through these companies.
“One of the elderly HAWK victims stated that the principals behind HAWK, who perpetrated the initial scam, are ‘untouchable.’ That is a sad, but not surprising, statement about law enforcement and regulatory agencies in Florida,” stated Cathy Lerman, principal of the Lerman Law Firm. “We intend to get to the truth about the operation of these companies and help any other victims/investors obtain justice. No one is or should be above the law.”
If you are an investor in one or more of the named companies, wish to provide information to assist the Lerman Law Firm in its investigation, or are a potential whistleblower, please contact Cathy Lerman at clerman@lermanfirm.com or (954) 332-1143.