Opinion ID: 4024287
Heading Depth: 4
Heading Rank: 2

Heading: Russellʹs Involvement in BSMI

Text: Russell was a salaried employee of BSMI and, unlike Kristofor, was not an officer of the company. Russellʹs duties at BSMI included setting up and managing the company website and office email addresses, preparing, editing, and formatting the BSMI marketing materials ‐‐ including the business plan, placement memoranda, the PowerPoint presentation, and electronic newsletters ‐‐ and culling and distributing the call solicitation lists of potential investors. Russell reviewed, edited, and provided comments on the BSMI business plan, which contained misrepresentations about the background and work experience of the BSMI officers, omitted all references to HFGI, and contained false information about BSMIʹs assets. Russell also ʺscrubbedʺ a sales lead call list twice, to remove potential investors who were on the Federal Trade Commissionʹs National Do Not Call Registry, and circulated it to the BSMI employees tasked with making cold calls, as discussed below. ‐10‐