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Securities and Exchange Commission v. The Lifepay Group, LLC et al
Case Number:
4:18-cv-01098
Court:
Nature of Suit:
Judge:
Government Agencies
-
March 16, 2020
No Early Win For SEC, Alleged Ponzi Schemer In $3.8M Suit
A Texas federal judge on Monday agreed with a magistrate judge's recommendation not to grant an early win to either the U.S. Securities and Exchange Commission or an alleged Ponzi schemer accused of bilking elderly investors out of $3.8 million.
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April 09, 2018
SEC Accuses Pair Of Raising $3.8M In Ponzi, Drilling Schemes
The U.S. Securities and Exchange Commission sued two Texas men on Monday, saying they raised $3.8 million from dozens of elderly investors and spent it on themselves while claiming that the money was placed with "safe" real estate and energy investments.