U.S. Securities and Exchange Commission. Photo: Diego M. Radzinschi/ALM. SEC Accuses South Florida Firm of $66 Million Fraud Targeting Venezuelan-American Investors
This lawsuit was surfaced on Law.com Radar. Read the complaint here.
September 27, 2021 at 10:42 PM
1 minute read
The U.S. Securities and Exchange Commission sued Sky Group USA, Efrain Betancourt Jr., and other defendants on Monday in Florida Southern District Court over alleged violations of federal securities laws. The lawsuit accuses the defendants of defrauding investors of more than $66 million and misappropriating $3 million for personal use. Counsel have not yet appeared for the defendants. The case is 1:21-cv-23443, Securities and Exchange Commission v. Sky Group USA LLC et al.
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