Fla. Asset Manager Hit With SEC Suit Over $7.4M Fraud

Law360, New York (December 1, 2016, 4:24 PM EST) -- The U.S. Securities and Exchange Commission on Thursday announced a Florida federal suit accusing a Chilean national of using his asset management company to dupe investors out of $7.4 million while lying about his background.

Alberto Chang-Rajii sold more than $5.7 million in promissory notes by falsely guaranteeing returns to investors in his Miami-based asset management company, Onix Capital LLC, and fraudulently raised another $1.7 million through special purpose vehicles, according to the SEC. Additionally, Chang exaggerated his investment successes and falsely claimed that he had...
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Case Information

Case Title

Securities and Exchange Commission v. Onix Captial, LLC. et al


Case Number

1:16-cv-24678

Court

Florida Southern

Nature of Suit

Securities/Commodities

Judge

Marcia G. Cooke

Date Filed

November 8, 2016

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