SEC Says Atlanta Atty Participated In $30M Ponzi Scheme

Law360, New York (October 6, 2017, 7:36 PM EDT) -- An Atlanta attorney was an “active participant” in a Ponzi scheme that raised at least $30 million from more than a hundred investors, according to a suit filed in Georgia federal court by the U.S. Securities and Exchange Commission.

The SEC alleged in a complaint filed Thursday that Marc A. Celello served as general counsel for Credit Nation Capital LLC and assisted in a scheme orchestrated by its CEO James A. Torchia, who consented in March to a judgment against him in a related SEC civil...
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Case Information

Case Title

Securities and Exchange Commission v. Celello


Case Number

1:17-cv-03903

Court

Georgia Northern

Nature of Suit

Securities/Commodities

Judge

William S. Duffey, Jr

Date Filed

October 5, 2017

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