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Securities & Exchange Commission v. Complete Business Solutions Group, Inc. et al

  1. March 03, 2025

    Eckert Seamans Will Pay $38M To Par Funding Investors

    A Florida federal judge has signed off on a $38 million deal resolving legal malpractice claims against Eckert Seamans Cherin & Mellott LLC by investors who fell victim to a Ponzi scheme carried out by Par Funding, which enlisted the firm to help create the business model the lender ultimately used in the scheme.

  2. December 16, 2024

    Judge OKs Par Funding Receiver's Plan To Distribute $110M

    A Florida federal judge on Monday approved a distribution plan by the receiver for Par Funding and authorized the first distribution of more than $110 million that the receiver has collected for the investors who were defrauded in a Ponzi scheme that raised nearly a half-billion dollars.

  3. November 19, 2024

    SEC's $196M Win Revived After Judge Fixes 'Scrivener's Error'

    A Florida federal judge has granted a $196 million judgment against a group of fraudsters to the U.S. Securities and Exchange Commission after fixing what he called a "scrivener's error" in the original order that caused the Eleventh Circuit to overturn a part of the award in September.

  4. November 27, 2023

    Fla. Judge Delays Contempt Ruling Against Loan Co. Owner

    A Florida federal judge on Monday delayed a contempt ruling against the owner of a merchant loan business accused of fraud and denied her request to use funds to pay attorneys, saying he's not convinced there has been a change in circumstances to modify an order freezing her assets.

  5. December 15, 2021

    Jury Hands SEC Win In Fraud Trial Against Investor Recruiter

    The U.S. Securities and Exchange Commission prevailed Wednesday in a lawsuit accusing a South Florida financial adviser of committing securities fraud as part of a scheme the government said raised nearly half a billion dollars from some 1,200 investors.

  6. December 07, 2021

    Fla. Investor Recruiter Takes On SEC Fraud Claims At Trial

    Defense counsel told a federal jury Tuesday that the U.S. Securities and Exchange Commission is trying to make a scapegoat of a South Florida financial adviser as he went to trial on claims of securities fraud over his role in an alleged scheme the government says raised nearly half a billion dollars from some 1,200 investors.