Photo: Diego M. Radzinschi/ALM. SEC Sues Over Alleged $2.6 Million Private Equity Scheme in South Florida
This lawsuit was surfaced on Law.com Radar. Read the complaint here.
September 02, 2022 at 11:24 AM
1 minute read
The U.S. Securities and Exchange Commission sued Archer Capital Management Group and other defendants Thursday in Florida Southern District Court for allegedly misappropriating $2.6 million in a private equity scheme. The complaint contends that the defendant entities were created under aliases by individuals who falsely marketed that they could provide 47% return on investment, while using investors funds for their own purposes. Counsel have not yet appeared for the defendants. The case is 0:22-cv-61632, Securities and Exchange Commission v. Archer Capital Management Group et al.
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