Securities and Exchange Commission v. Davison et al

  1. June 02, 2023

    Investor Attys Nab $5.5M In SEC $170M Ponzi Suit

    A Florida federal judge has awarded $5.5 million in attorney fees to counsel representing investors in a $170 million Ponzi scheme suit lodged by the U.S. Securities and Exchange Commission against a Florida real estate company.

  2. May 01, 2023

    ​​​​​​​Clawback Case Targets Can't Intervene In $170M Ponzi Suit

    A Florida federal judge ruled Monday that a couple targeted by a receiver's clawback lawsuit cannot intervene in a pending U.S. Securities and Exchange Commission case over a $170 million Ponzi scheme, finding the duo failed to secure necessary approval from the agency.

  3. February 23, 2023

    'Net Winners' In $170M Scheme Want Info On Receiver's Funds

    An elderly couple targeted in a clawback suit by the court-appointed receiver in a $170 million Ponzi scheme asked a Florida federal court Wednesday to allow discovery into the receivership's finances to determine if the assets controlled by the receiver are sufficient to pay all outstanding debts.

  4. January 06, 2023

    Investor Attys Seek $5.5M In Fees As Part Of Ponzi Settlement

    A group of attorneys who represented investors defrauded in a real estate Ponzi scheme asked a Florida federal court for $5.5 million in fees for their work pursuing a lawyer they said helped to implement the scam.

  5. August 24, 2021

    Fla. Judge OKs $1.3M Clawback From Alleged Ponzi Investors

    A Florida federal judge on Tuesday approved a settlement that will allow a court-appointed receiver to claw back $1.3 million from investors who received "false profits" from an alleged $170 million Ponzi scheme run through a Florida real estate company.

  6. March 08, 2021

    Real Estate Exec Can't Shed SEC Suit, Fla. Judge Says

    The chief executive of a purported Florida real estate company can't escape claims that he scammed 1,100 investors, some of them seniors, out of more than $170 million, a federal judge in Tampa ruled Monday.

  7. February 18, 2020

    SEC Says Real Estate Firm Brass Ran $170M Ponzi Scheme

    The executives of a Florida real estate company scammed 1,100 investors, some of them seniors, out of more than $170 million by misusing more than half of that sum and disbursing Ponzi payments to avoid detection, according to the U.S. Securities and Exchange Commission.