2 Texans, Firm Owe $5.3M In SEC House-Flipping Fraud Suit

By Emilie Ruscoe · June 3, 2025, 8:20 PM EDT

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...

To view the full article, register now.

Try a seven day FREE Trial

Already a subscriber? Click here to login

Documents

Case Information

Case Title

Securities and Exchange Commission v. Speers et al

Case Number

Court

Texas Northern

Nature of Suit

Other Statutes: Securities/Commodities/Exchange

Date Filed

August 31, 2023

Recent Articles By Emilie

May 23, 2025
Calif. Developer Duped Churchgoers In $46M Scam, Feds Say
May 22, 2025
Servicer, BNY Seek Exit From Mortgage Statement Suit
May 13, 2025
Mortgage Lender Overcharges Service Members, Suit Says
March 10, 2025
Real Estate Cos. Commingled $50M Investor Funds, SEC Says
February 27, 2025
Black Homebuyers' Predatory Loan Settlement Gets Final OK
January 28, 2025
Black Homebuyers Seek OK For Predatory Lending Settlement
January 22, 2025
BNY, Mortgage Co. Sued Over Post-Bankruptcy Collections
January 08, 2025
Mortgage Firm Reaches $1.8M Redlining Settlement With Feds
January 07, 2025
Mortgage Servicer Makes Borrowers To 'Pay-To-Pay,' Suit Says
October 25, 2024
SEC Wants PE Firm's 'Fishing Expedition' Claims Paused