Securities & Exchange Commission v. RBF Trust LLC, et al
Case Number:
0:22-cv-61831
Court:
Nature of Suit:
Judge:
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August 25, 2023
Brothers' 'Closed Universe' Collapses As SEC Closes In
Two French half-brothers who got their start by helping sell fraudulent "man camp" stakes in North Dakota are at large as they face lawsuits from investors and federal authorities over an alleged scam prosecutors say netted them some $40 million from selling made-up stakes in Detroit rental properties.
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September 30, 2022
SEC Accuses French Nationals Of $40M RE Fraud Scheme
Two French half-brothers have been charged with multiple fraud-related counts connected to an "international web" of unregistered companies in Michigan and Florida they allegedly used to bilk $40 million from investors in exchange for returns on properties they didn't own, according to the U.S. Securities and Exchange Commission.