San Diego, CA -- (SBWIRE) -- 06/15/2017 -- An investigation on behalf of investors of Ominto Inc (NASDAQ:OMNT) shares over potential securities laws violations by Ominto Inc was announced.

Investors who purchased shares of Ominto Inc (NASDAQ:OMNT), have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call 858-779-1554.

The investigation by a law firm focuses on possible claims on behalf of purchasers of the securities of Ominto Inc (NASDAQ:OMNT) concerning whether a series of statements by Ominto Inc regarding its business, its prospects and its operations were materially false and misleading at the time they were made.

On May 30, 2017, a report was published expressing that Ominto Inc entered two allegedly questionable transactions, including acquiring a Danish entity. The report continued to describe how the transactions were intended to increase Ominto's book value to help it attain a NASDAQ listing in March 2017, prompting bonuses for Ominto's CEO. that one biggest shareholders of the acquired Danish company is also an Ominto shareholder who has been convicted of fraud, and alleged to have engaged in insider trading, and that Ominto Inc did not disclose this large shareholder's affiliation with one of the acquired companies to the Securities Exchange Commission.

Those who purchased shares of Ominto Inc (NASDAQ:OMNT) have certain options and should contact the Shareholders Foundation.

Contact:
Shareholders Foundation, Inc.
Michael Daniels
3111 Camino Del Rio North - Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com