- 2017
- $8.6 Million
SEC found that respondent offered and sold 120 unregistered promissory notes to 68 investors through a number of limited liability companies and corporations, raising at least $7.62 million. However, respondent allegedly misrepresented his track record in soliciting investments, and funds were not always used as represented/disclosed. Most egregiously, some funds were allegedly used to purchase a restaurant and a yacht for respondent’s own use. Also, respondent allegedly commingled funds among his entities.
