2 Texans, Firm Owe $5.3M In SEC House-Flipping Fraud Suit

By Emilie Ruscoe · June 3, 2025, 8:20 PM EDT

A pair of Texas men and their investment company must give the U.S. Securities and Exchange Commission nearly $5.3 million to resolve claims they defrauded investors in a house-flipping scheme, misappropriating...

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Documents

Case Information

Case Title

Securities and Exchange Commission v. Speers et al

Case Number

4:23-cv-00905

Court

Texas Northern

Nature of Suit

Other Statutes: Securities/Commodities/Exchange

Date Filed

August 31, 2023