SEC Lands $25M Judgment In TikToker-Wannabe Ponzi Suit
By Henrik Nilsson ( May 2, 2024, 11:18 PM EDT) -- A South Carolina man and his companies must pay the U.S. Securities and Exchange Commission nearly $24.9 million to settle claims that he misappropriated investors' money to make Ponzi payments to earlier investors and to pay for luxury cars and over $1 million to TikTok creators, according to judgments issued in Georgia federal court....
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