June 20, 2018 BY Valentina Kirilova
SEC shuts down $102 million ponzi scheme
The Securities and Exchange Commission (SEC) has announced that it has filed charges and obtained an asset freeze against the individuals and companies behind a $102 million Ponzi scheme that bilked investors throughout the U.S. According to the SEC’s complaint, the defendants defrauded more than 600 investors through sales of securities in issuers they controlled,…
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