April 22, 2024
A pair of companies allegedly used in service of a fraudulent real estate investment scheme will pay over $8.4 million to end claims they were part of the $17.5 million ploy that took in more than 150 would-be investors with claims that the securities involved were "recession-proof."
September 26, 2023
The U.S. Securities and Exchange Commission has leveled fraud allegations against a Los Angeles man and his purported real estate investment companies, alleging they raised $17.5 million from over 150 investors in part by touting their reputed securities as "recession-proof."