BROWARD COUNTY, FL (BocaNewsNow.com) (Copyright © 2022 MetroDesk Media, LLC) — Parkland resident Isaac Grossman, 47, is heading to federal prison for more than seven years after pleading guilty to taking part in an elder-fraud scheme.
The United States Department of Justice issued the following advisory: (Grossman directed) an elder fraud scheme in which he sold stock in his South Florida-based technology company to elderly investors across the country, and then misappropriated the investors’ funds for his own personal use.
From September 2014 through April 2018, Grossman raised approximately $2.4 million in investor funds for his company, Dragon-Click Corp., by soliciting investments from elderly retirees nationwide. Grossman told potential investors that Dragon-Click was developing an internet application that would revolutionize internet shopping by allowing a user to upload a photograph of any item the user wanted to purchase, identify all retailers offering that item for sale, provide price comparisons for that item across retailers, and provide a link to retailers’ websites where the user could purchase the item. Grossman solicited funds by falsely telling potential investors they would double, triple, or quadruple their investments, and that Dragon-Click was on the verge of being sold to a large technology company, such as Google, Apple, or Amazon, for over $1 billion.
He concealed from investors that, prior to raising funds for…