June 05, 2019
The U.S. Securities and Exchange Commission told a Florida federal court Tuesday that 1 Global's former CEO can no longer deny that the notes issued by the cash advance business were unregistered securities given a judge's order saying they met the definition.
February 08, 2019
A Florida federal judge said Thursday that notes 1 Global Capital LLC issued to investors meet the definition of securities, and refused to toss the U.S. Securities and Exchange Commission's $287 million fraud suit against the company and its former CEO.
November 16, 2018
The U.S. Securities and Exchange Commission fired back at the former CEO of 1 Global Capital LLC's attempt to "escape the consequences of his actions" on Friday, saying his bid to toss a $287 million fraud suit is based on "inaccurate and incomplete facts, incorrect legal standards and infirm legal arguments."
November 05, 2018
The former CEO of 1 Global Capital LLC told a Florida federal judge on Friday that the U.S. Securities and Exchange Commission's $287 million fraud lawsuit against him is unfounded because the notes his company issued to small businesses were not securities subject to the agency's jurisdiction.
September 05, 2018
A court-appointed receiver on Wednesday gave a Missouri federal court notice of a previously sealed lawsuit the U.S. Securities and Exchange Commission filed in late August accusing Florida-based lender 1 Global Capital LLC and its former CEO of fraudulently raising more than $287 million — and misappropriating at least $35 million of that — from thousands of investors over the past four years.