Headquarters of the U.S. Securities and Exchange Commission in Washington, D.C. Photo: Diego M. Radzinschi/ALM SEC Sues Businessman, Claiming He Conducted a $9.3M Ponzi Scheme
This suit was surfaced by Law.com Radar. Read the complaint here.
July 12, 2023 at 01:45 PM
1 minute read
Securities Litigation
The U.S. Securities and Exchange Commission sued Nayeem Choudhury and Dream Venture Capital Group Wednesday in North Carolina Middle District Court. The lawsuit accuses Choudhury of operating as an unregistered investment adviser and conducting an ongoing $9.3 million Ponzi scheme through Dream Venture Capital Group. Counsel have not yet appeared for the defendants. The case is 1:23-cv-00573, Securities And Exchange Commission v. Choudhury et al.
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