June 03, 2025
A pair of Texas men and their investment company must give the U.S. Securities and Exchange Commission nearly $5.3 million to resolve claims they defrauded investors in a house-flipping scheme, misappropriating $2.9 million and misrepresenting that certain property interests would secure certain investor funds.
August 31, 2023
The U.S. Securities and Exchange Commission on Thursday said it reached settlements with two Texas men and their investment company over claims that they ran a fraudulent house-flipping scheme that raised almost $8 million from 40 investors through the sale of unregistered promissory notes.