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May 3, 1994 | ANNE MICHAUD, TIMES STAFF WRITER
Vision Communications Inc. in Newport Beach is scheduled to appear in federal court today in Washington to answer charges of fraud brought by the Securities and Exchange Commission. The operation collected nearly $4.5 million through so-called "boiler room" telephone sales offices in Costa Mesa, La Jolla and Plano, Tex., said SEC officials. Vision Communications promised 300% returns in three years on a wireless television cable system in the twin cities of Wilkes-Barre and Scranton, Pa.
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BUSINESS
May 3, 1994 | ANNE MICHAUD, TIMES STAFF WRITER
Vision Communications Inc. in Newport Beach is scheduled to appear in federal court today in Washington to answer charges of fraud brought by the Securities and Exchange Commission. The operation collected nearly $4.5 million through so-called "boiler room" telephone sales offices in Costa Mesa, La Jolla and Plano, Tex., said SEC officials. Vision Communications promised 300% returns in three years on a wireless television cable system in the twin cities of Wilkes-Barre and Scranton, Pa.
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