August 30, 2018 BY Valentina Kirilova

SEC charges former cash advance firm CEO with defrauding retail investors

The Securities and Exchange Commission (SEC) has announced charges against 1 Global Capital LLC and its former chief executive officer for allegedly defrauding at least 3,400 retail investors, more than one-third of whom invested their retirement funds. The Florida-based cash advance company and former CEO Carl Ruderman allegedly fraudulently raised more than $287 million since…

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