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SECURITIES AND EXCHANGE COMMISSION v. CHOUDHURY et al
Case Number:
1:23-cv-00573
Court:
Nature of Suit:
Judge:
Government Agencies
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May 28, 2025
4th Circ. Backs 5-Year Sentence In $9.3M Ponzi Scheme
The Fourth Circuit stood by a lower court's decision to imprison a North Carolina man for 63 months after he pled guilty to wire fraud and "use of manipulative and deceptive devices," concluding that the sentence is not unreasonable and was ordered after proper consideration of the public interest.
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July 28, 2023
NC Man Settles SEC Claims Over $9.3M Ponzi Scheme
A North Carolina man accused of running a $9.3 million Ponzi scheme will have to repay his ill-gotten gains and leave the stock business to resolve a complaint by the U.S. Securities and Exchange Commission, according to a Thursday filing in federal court.
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July 12, 2023
SEC Says NC Man Is Running $9M Ponzi Scheme
A North Carolina man is running a $9.3 million Ponzi scheme, admitted to it in a phone conversation and tried to pay his lawyer with his ill-gotten gains, according to a civil fraud lawsuit filed Wednesday by a federal agency.