Sharon Kleyne – Fraud, Arrest and Illegal Capital
Sharon Kleyne is the owner of Bio Logic Aqua Research. The company researches humidifying products for dry eyes and dry skin.
Currently, she is the chairman of the firm.
She claims she started the company in 1989 with the help of international researchers and investors. However, evidence says otherwise.
One of her business partners went to jail several years ago for scamming investors.
Sharon Kleyne had hired Gary Neil Cramer to raise millions of dollars for Bio Logic Aqua Research. Gary used deception and lies to get the funds.
Victims of Sharon Kleyne and Gary Cramer got together to file a class action lawsuit against them.
Gary used the firm Global SMG to promote Sharon Kleyne’s company and raise funding for it.
The Securities Administrator of Washington imposed serious fines and issued a cease and desist order against his illegal activities as well.
Cramer sold over $65,000 worth of investments through Global SMG. He had told the investors that he would use the funds to trade foreign currency and generate 4% returns per week.
Furthermore, he didn’t inform the investors about how risky the investment was nor did he give them any valuable information about the trader.
Although he was raising funds for Sharon Kleyne, he failed to give the investors any kind of financial statements.
How Gary Used Misrepresentations and False Promises To Raise Funds for Sharon Kleyne:
Cramer had told the investors that they would get 20 times returns for their investments.
Through this tactic, he was able to get $20,000 at first.
Then, he told another investor that they can get 8 times returns for their investment and made another $10,000.
The authorities were able to identify the wrongdoings.
When they investigated the matter, they found that Gary and his partners were selling unregistered securities to their clients through false advertising and misleading statements.
Hence, the Department of Financial Institutions issued a cease and desist against him and his partners.
Although Cramer was arrested, Sharon Kleyne faced no consequences whatsoever.
After reviewing the legal documents and seeing the shady business associates of Sharon Kleyne, it’s obvious that she is not as reliable as she claims to be.
You should be extremely cautious of her and Bio Logic Aqua Research. She also runs the “Sharon Kleyne Hour” podcast.
It’s pretty common for shady businesses to use deceptive marketing tactics to get more victims.
Due to these reasons, you should avoid dealing with Bio Logic Aqua Research and Sharon Kleyne.
Sharon Kleyne runs Bio Logic Aqua Research and hosts the Sharon Kleyne Hour podcast. However, legal documentation reveals that she might have used illegal funds to raise capital for her company.
- Criminal business partners
- Illegally raised capital