Advisory: Victims’ Rights to be Heard and to Obtain Restitution with regard to GTX Global, Inc. Stock Fraud

David A. Hagen, a former “consultant” with GTX Global, Inc. (“GTX”) and Mark E. Brecher, the Secretary of GTX, have been charged by criminal complaint with fraudulently manipulating the stock price of GTX. These charges are pending in the U.S. District Court for the Western District of North Carolina. In addition, Jeremy D. Jaynes was a participant in the manipulation of the stock price of GTX, and he has pled guilty to securities fraud in connection with the manipulation of the stock price of another publicly-traded company.

Pursuant to the “Justice for All Act of 2004” (18 U.S.C. § 3771), any victim of a criminal defendant’s fraudulent acts is entitled to notice of public proceedings and may be entitled to restitution. Victims are also entitled to be reasonably heard in public proceedings, including a sentencing hearing. If you believe that you or your organization was a victim of the fraud relating to GTX stock, please contact the U.S. Attorney’s Offi ce’s Victim Witness Program Manager Lynne Crout at Lynne.Crout@usdoj.gov or (828) 259-0664 so that you can be notifi ed of further developments in this case and so that your right, if any, to restitution can be determined.