Securities and Exchange Commission v. Swensen, Stephen Romney The Estate of et al
Case Number:
1:22-cv-00135
Court:
Nature of Suit:
Judge:
Firms
Government Agencies
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September 19, 2023
SEC, Adviser's Estate Reach Terms To End $29M Ponzi Suit
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.
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October 18, 2022
SEC Sues Dead Adviser's Estate Over $29M Ponzi Claims
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.