We use cookies on this site to enable your digital experience. By continuing to use this site, you are agreeing to our cookie policy. close

SEC Adds Defendant To Hexing Adviser’s $20M Ponzi Suit

Law360, Washington (December 4, 2017, 9:45 PM EST) -- The U.S. Securities and Exchange Commission announced the addition Monday of a new defendant to civil and criminal actions against a financial adviser previously barred from the industry for inflating her assets and now accused of raising $20 million used to make Ponzi payments, while casting "spells" on investigators.

The U.S. Department of Justice says Dawn J. Bennett raised more than $20 million from investors — the SEC says she “frequently targeted elderly and financially unsophisticated investors” — by exaggerating the success of her luxury apparel...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.