Action against Defendant, a real-estate developer, for allegedly making false statements in connection with raising funds from potential investors.  According to the SEC, Defendant allegedly made misrepresentations in order to finance the construction of residential homes through his real-estate development company.  In addition, the SEC alleges that Defendant claimed to have raised approximately $1.5 million from investors, despite raising no funds.  Respondent has agreed to pay a civil penalty of $9,239.

SEC Litigation Release  

SEC Complaint