Tag: "Patrick O. Howard"
By Steven J.J. Weisman
BOSTON — A recently story published here in TALKERS magazine described the problems coming from an advertisement on Tampa radio station WHPT “102.5 The Bone” on which talk host Drew Garabo endorsed a private investment fund that the Securities and Exchange Commission has deemed a fraud. The SEC obtained a temporary restraining order halting the marketing of the investment and has frozen the assets of Patrick O. Howard and the two companies he used to sell the private funds at the core of what the SEC is calling a scam. According to the SEC, Howard and his companies not only promised huge profits with minimal risk, but also represented that almost all of the money paid by investors would be used to purchase interests in the portfolio companies’ revenue streams and that all of the promised profits were backed by insurance.