Securities and Exchange Commission v. Pedram Abraham Mehrian et al
Case Number:
2:23-cv-08009
Court:
Nature of Suit:
Judge:
Government Agencies
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April 22, 2024
Real Estate Investment Cos. Owe SEC $8.4M For $17.5M Fraud
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."
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September 26, 2023
SEC Says Purported Real Estate Investor Ran $17.5M Fraud
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."