June 30, 2022
A Florida federal judge entered final judgment in favor of the U.S. Securities and Exchange Commission after a Miami payday loan company agreed to pay more than $39 million to resolve claims it fraudulently raised $66 million from more than 500 investors.
February 03, 2022
A Miami payday loan company and its CEO cannot escape the U.S. Securities and Exchange Commission's claims they fraudulently raised $66 million from more than 500 investors, as a federal judge rejected their argument that she lacks authority to hear the case because the notes they sold were not securities.