September 19, 2023
The estate of a deceased registered investment adviser representative has agreed to settle U.S. Securities and Exchange Commission allegations that he defrauded over 50 investors out of at least $29.3 million and spent the money on planes, his mistresses and his family.
October 18, 2022
The U.S. Securities and Exchange Commission said Tuesday it has filed suit against the estate of a now-deceased registered investment adviser representative over claims that he raised $29 million from investors through a Ponzi-like fraud scheme.