September 29, 2014
An Illinois federal judge on Monday granted summary judgment in favor of the U.S. Securities and Exchange Commission, ordering Resources Planning Group Inc. and its co-owner to pay it $3.5 million after RPG allegedly raised $1.3 million by lying to investors about a failing private equity fund and using the money to pay other debts.
November 29, 2012
The U.S. Securities and Exchange Commission on Thursday sued a Chicago-based investment firm alleging the firm illicitly raised $1.3 million by lying to investors about a failing private equity fund and used the investments to pay off other clients to whom it owed money.