SEC Closes in on Patorini

Edward Patorini, the faux private equity prankster that has made well over $100 billionn in fake bids for companies such as Playboy Enterprises, Sony Corporation and Goldfields of South Africa is close to being collared by the SEC. A filing from the SEC in the Southern District of New York says that between January 2003 and April 2007, Pastorini aka Roxford/Niren/Vakil made a series of bogus offers to acquire publicly-traded companies and then publicised these through internet message boards, press releases and at least one filing with the SEC itself in order to increase the stock prices when he had no intention of buying the companies or the financial means to do so.