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  /  All News   /  Investors Say They Were Duped Into Buying Shares Of Firm With $4B Atlanta Development Dreams

Investors Say They Were Duped Into Buying Shares Of Firm With $4B Atlanta Development Dreams

Webstar Technology Group, a fledgling, penny stock company, entered the real estate scene last year with plans to build a $3.8B, 10-acre mixed-use district in Downtown Atlanta.
One of its would-be investors is now calling for an investigation into a consultant raising funds for the company and its Forge Atlanta project. 
Terrence Ruffin, a member of a local investing club with about two dozen investors, paid $5K for a small stake in Webstar but says he failed to receive proof of share purchases in return. Members of the group spent a combined $20K without receiving shares, he and another member said.
“I don’t want…​  

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