Hotel Investment Firm Settles SEC Claims Of $86M Fraud

By Spencer Brewer · June 5, 2026, 8:08 PM EDT

A hotel investment firm and its founder have settled claims brought by the U.S. Securities and Exchange Commission accusing the company of raising about $86 million through "deceptive conduct," with a...

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Case Information

Case Title

United States Securities and Exchange Commission v. Phoenix American Hospitality LLC et al

Case Number

3:26-cv-01846

Court

Texas Northern

Nature of Suit

Other Statutes: Securities/Commodities/Exchange

Date Filed

June 04, 2026