SEC Settles Claims Over $110M 'Ponzi-Like' Scheme

By Andrew Karpan · September 16, 2020, 7:11 PM EDT

The U.S. Securities and Exchange Commission agreed to drop its civil suit against a real estate mogul indicted for running a $110 million "Ponzi-like" mortgage fraud scheme, citing his decision to...

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Case Information

Case Title

Securities and Exchange Commission v. Morgan et al

Case Number

1:19-cv-00661

Court

New York Western

Nature of Suit

Securities/Commodities

Date Filed

May 22, 2019


Case Title

USA v. Giacobbe et al

Case Number

1:18-cr-00108

Court

New York Western

Nature of Suit

Date Filed

May 22, 2018