Securities and Exchange Commission v. Graham et al

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Case Number:

4:13-cv-10011

Court:

Florida Southern

Nature of Suit:

Securities/Commodities

Judge:

James Lawrence King

Firms

Government Agencies

U.S. Securities and Exchange Commission

May 13, 2014
Judge Tosses SEC's $300M Ponzi Suit Against RE Execs

A Florida federal judge on Monday ruled that the U.S. Securities and Exchange Commission dragged its feet in accusing five former real estate executives of running a $300 million Ponzi scheme by bringing its suit more than five years after the scheme had ceased.
January 30, 2013
SEC Targets Real Estate Execs Over $300M Ponzi Scheme

The U.S. Securities and Exchange Commission on Wednesday sued five former executives of a defunct Florida real estate firm for allegedly running a $300 million Ponzi scheme and using the proceeds to purchase airplanes and boats and invest in a rum distillery.