NEW YORK--(BUSINESS WIRE)--Levi & Korsinsky announces it has commenced an investigation of Ominto, Inc. (NASDAQ:OMNT) concerning possible violations of federal securities laws.
On May 30, 2017, Seeking Alpha published an article stating that Ominto entered into two highly questionable transactions, including acquiring a Danish entity. The article alleges that the transactions were intended to increase Ominto’s book value to help it attain a NASDAQ listing in March 2017, thus triggering bonuses for the Company’s Chief Executive Officer. The article further states that one of the largest shareholders of the acquired Danish company is also a shareholder of Ominto, has been convicted of fraud, and is alleged to have engaged in insider trading; the article also states that this affiliation with one of the acquired companies has not been disclosed by Ominto to the SEC. To obtain additional information, go to:
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