SEC Charges 5 In Mexico Firm's $15M Ponzi Scheme

By Nate Beck · September 21, 2023, 9:01 PM EDT

Alleging a Ponzi scheme that raised at least $15 million from more than 450 Spanish-speaking U.S. investors, the U.S. Securities and Exchange Commission on Thursday sued Mexico-based Aras Investment Business Group...

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Case Information

Case Title

Securities and Exchange Commission v. Aras Investment Business Group S.A.P.I. de C.V. et al

Case Number

3:23-cv-00353

Court

Texas Western

Nature of Suit

Securities/Commodities

Date Filed

September 21, 2023