RALEIGH, N.C.--(BUSINESS WIRE)--Jason Galanis, an alleged financial fraudster who has been sanctioned by the SEC, has made false and inflammatory accusations against Matthew Szulik, former CEO of Red Hat, Inc. and a widely-honored and respected business executive, in a complaint filed yesterday in federal court in Boston. Mr. Galanis is the son of John Peter Galanis, one of the most notorious white collar criminals of the 1980s.
According to a recent series of articles, Jason Galanis allegedly is involved in a financial scam associated with NYSE-listed Gerova Financial Group.
Mr. Szulik stated, "For the past year, I have invested substantial time and resources in uncovering the fraud perpetuated on me and my family by our former investment advisor, TAG Virgin Islands, and its principal, James Tagliaferri, who have a close association with Mr. Galanis, as Galanis's complaint admits. Galanis's frivolous complaint, based entirely on speculation, not facts, is clearly just an effort to divert attention from the lawsuit we filed in federal court last month, alleging widespread fraud.
Mr. Szulik continued, "The purported tax evasion scheme Galanis and his attorneys alleged against me is utter nonsense. No one would scheme to lose $60 million in order to deduct some losses on his taxes; any rational person would rather earn a profit and keep most of that profit after paying taxes. I do not know and have never communicated with Scott Hintz or the principals of Dalrymple Finance, as Galanis alleges. My family will continue to investigate the fraud of those who acted in concert with TAG to steal $60 million from us, and we will take all appropriate action against those who have made false and defamatory accusations against us in a transparent attempt to deflect scrutiny of their actions."