SEC Sues Men for Allegedly Initiating $2M in Fraudulent EFTs
This suit was surfaced by Law.com Radar. Read the complaint here.
November 03, 2022 at 07:02 AM
1 minute read
Securities Litigation
The U.S. Securities and Exchange Commission sued Syed Arham Arbab, Tomas Javier Jimenez and other defendants Monday in Georgia Northern District Court over alleged violations of federal securities laws. The lawsuit accuses the defendants of initiating more than $2 million in fraudulent electronic fund transfers from bank accounts into various brokerage accounts. The case is 1:22-cv-04321, Securities and Exchange Commission v. Arbab et al.
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