Parkland duo accused of stock fraud

Couple misused funds reserved for online business, SEC says

The Securities and Exchange Commission has obtained a federal court order against a Parkland couple the agency claims defrauded 26 investors nationwide by misusing more than half of $2.4 million earmarked for an online shopping business.

In a civil lawsuit brought in U.S. District Court in Miami, the commission alleges Dragon-Click Corp. of Parkland; Dragon Management LLC of Deerfield Beach; president Isaac Grossman and wife Adriana Grossman falsely claimed investors would make huge profits and that their money would be used to pay for the development and marketing of Dragon-Click’s internet shopping app.

Instead, the Grossmans allegedly steered $1.3 million of the money they collected from mostly elderly investors to fund a lavish lifestyle, according to the lawsuit, which was filed by the agency’s Miami office.

“As alleged in our complaint, Isaac Grossman preyed upon elderly victims to finance his lifestyle, which included gambling, expensive cars and jewelry,” Eric I. Bustillo, director of the SEC’s Miami office, said in a statement. “We sought emergency relief to prevent investors from being further victimized.”

U.S. District Judge Beth Bloom on June 5 issued an order to halt the alleged fraud and also approved an emergency asset freeze.

The suit alleges the fundraising started in September 2014 and continued through “at least April 2018.” Isaac Grossman contacted investors by telephone, the suit says, offering shares of Dragon-Click stock at $25 apiece.

“Grossman promises potential investors that the Dragon-Click technology