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Wrong Craig Danzig?

Mr. Craig Danzig

HQ Phone: (732) 935-7200

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StratoComm Corporation

3 Corbett Way

Eatontown, New Jersey 07724

United States

Company Description

StratoComm Corporation, formerly US/Africa Ventures, Inc., was created with a two-pronged initiative: to research telecommunications needs throughout the developing world, and to analyze the technologies available to meet those needs. As a result of i ... more

Find other employees at this company (2)

Background Information

Employment History

Director of Investor Relations

Securities and Exchange Commission


New York Institute of Technology

Web References (3 Total References)

The SEC alleges that between ... [cached]

The SEC alleges that between November 2007 and May 2009 Roger D. Shearer, CEO of StratoComm Corp., and Craig Danzig, the company's former director of investor relations, duped clients into buying securities in the phony company, with Shearer using much of the money for his own purposes, according to an SEC complaint filed Oct. 4 in U.S. District Court for the Northern District of New York.

Shearer, of Latham, N.Y., and Danzig, of Boca Raton, Fla., issued public statements falsely portraying StratoComm as actively engaged in the manufacture and sale of telecommunications systems for use in underdeveloped countries, particularly Africa, according to the SEC.
Prior to joining StratoComm in 2007, Danzig was a registered representative associated with with several broker-dealers. In 1996, the State of Delaware sanctioned Danzig in connection with unauthorized transactions in a customer's account. The same year he was barred from obtaining a license to sell securities in N.J. His securities license subsequently lapsed in 2000.
The SEC is seeking permanent injunctions, disgorgement of unlawful proceeds and prejudgment interest, and a financial penalty for all the defendants. It is also seeking an order prohibiting Shearer from serving as an officer or director of a public company and prohibiting Shearer and Danzig from participating in the offering of a penny stock.

Management « Stratocomm [cached]

Mr. Craig Danzig, Director of Investor and Institutional Relations

Mr. Danzig's responsibilities include the dissemination of information to shareholders, prospective investors and institutional level groups. He is also responsible for support to StratoComm's media relations, internal corporate communications and related policy recommendations. His prior experience includes 10+ years working as a registered stockbroker and consultant to investment industry entities. His ongoing educational efforts led to obtaining both Series 7 and 63 licenses. Although no longer active as a registered stockbroker his background experiences and education are of considerable value to his important role with StratoComm. Mr. Danzig attended college at New York Institute of Technology located in Old Westbury, NY from 1979-1983.

Market Frauds & NSS related Stuff [cached]

On October 4, 2011, the Securities and Exchange Commission (SEC) filed a complaint in United States District Court for the Northern District of New York charging StratoComm Corporation, its CEO Roger D. Shearer, and its former Director of Investor Relations, Craig Danzig, with violating the antifraud provisions of the securities laws and with illegally selling securities in unregistered transactions.

The SEC's complaint also alleges that StratoComm, Shearer and Danzig sold investors approximately $3 million worth of StratoComm stock in unregistered transactions.
It also seeks an order prohibiting Shearer from serving as an officer or director of a public company and prohibiting Shearer and Danzig from participating in the offering of a penny stock.

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