Vector’s largest shareholder, Phillip Frost, charged with securities fraud

  Phillip Frost, the largest shareholder of Douglas Elliman’s parent company, was charged Friday by the Securities and Exchange Commission with multiple counts of securities fraud. Frost, a Miami billionaire who owns more than 15 percent of Vector Group’s stock, was charged by the SEC in a federal district court in Manhattan for his role in an alleged penny stock fraud scheme. Frost, who is the chairman and CEO of the Miami biotech company Opko […]

Read Full Article >> https://therealdeal.com/miami/2018/09/07/vectors-largest-shareholder-phillip-frost-charged-with-securities-fraud/