Broomfield company accused of defrauding investors
By RMI Staff 
| August 25, 2009 | 11:15 AM
Colorado’s securities commissioner has accused Broomfield-based Colorcom Ltd. of defrauding investors into raising nearly $3 million to fund a computer technology that has not made it to market, the Boulder Daily Camera reports.
Business founder Joseph D. Doll, of Broomfield, denied the allegations about him and fellow principal Richard H. Janoka, of Colorado Springs.
“We never intended to do anything wrong,” he said Monday. “We were engineers who may not have known all the rules.”
In the complaint, state officials allege that from at least December 2004 to July 2008, Doll and Janoka violated Colorado’s anti-fraud and securities registration provisions by making false statements to induce “hundreds” of people . . . into investing in a technology called “Pac-n-Zoom” that allowed for better compression for computer images.
broomfield, colorcom, joseph doll, securities fraud
