SEC Says RI Investment Firm Ran $2.5M Ponzi-Like Scheme
By Elliot Weld ( May 15, 2025, 6:13 PM EDT) -- The U.S. Securities and Exchange Commission on Thursday accused the owner of a Rhode Island-based investment firm in a complaint of using misleading statements to solicit about $2.5 million from investors and misappropriating much of it to enrich himself and pay back earlier investors....
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