SECURITIES AND EXCHANGE COMMISSION v. MELTON et al
Case Number:
1:23-cv-00434
Court:
Nature of Suit:
Judge:
Firms
Government Agencies
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September 11, 2023
Insurance Agent Says SEC's $1M Real Estate Fraud Suit Fails
A North Carolina insurance agent has asked a federal judge to toss U.S. Securities and Exchange Commission allegations he defrauded seven investors out of over a million dollars, arguing that the regulator was trying to sue him over a bona fide real estate development venture that had failed as opposed to a scheme to con retirees.
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May 30, 2023
SEC Says NC Insurance Agent Ran $1M Real Estate Scam
The SEC filed a securities lawsuit against a North Carolina insurance agent, claiming he stole more than $1 million from seven investors by promising that he was putting their money into buying and renovating property.