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Securities and Exchange Commission v. Daniel Pacheco et al
Case Number:
5:19-cv-00958
Court:
Nature of Suit:
Judge:
Firms
Government Agencies
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September 07, 2023
SEC Nets $2.1M Judgment In Crypto Pyramid Scheme Case
A California federal judge has approved a settlement between the U.S. Securities and Exchange Commission and the former owner of a defunct online educational company over allegations he ran a $26.5 million pyramid scheme and distributed unregistered cryptocurrency.
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September 09, 2021
'Suspicious' Judge Unsure Of SEC's Crypto Claim In IPro Case
A California federal judge told the U.S. Securities and Exchange Commission on Thursday he is skeptical about granting summary judgment in its favor on a claim that a purveyor of online instructional materials offered an unregistered security, saying perhaps the government thinks the case is too weak for trial.
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August 14, 2019
Co. Accused Of Pyramid Scheme Says It Was Framed By SEC
The founder of multilevel marketing company IPro accused the U.S. Securities and Exchange Commission of essentially setting it up to take the fall for an alleged $26.5 million pyramid scheme in a countersuit against the agency filed in California federal court.
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May 23, 2019
SEC Calls Online Instructional Co. A $26.5M Pyramid Scheme
The U.S. Securities and Exchange Commission filed suit Wednesday against the founder and sole member of IPro, a purported purveyor of online instructional materials and cryptocurrency that it claims was actually a $26.5 million pyramid scheme.