A former Davie attorney has been ordered to pay $4 million in a prime bank investment scam case filed by the Securities and Exchange Commission.
Attorney Bernard H. Butts Jr. was charged by the SEC last September with acting as an escrow agent for Worldwide Funding III Ltd. LLC in Fort Myers, purportedly an international trading program that raised about $3.5 million from investors. However, the SEC charged the program didn’t exist, and Butts took 45 percent of all money raised.
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