Action against Defendants, a CEO, sole owner, and operator and three of her corporations, for alleged operation of an offering fraud.  According to the SEC, Defendants promised to put investor funds toward short-term, high-interest loans related to real estate projects but instead used those funds for personal expenses and to make Ponzi-like payments to earlier investors.  The SEC further alleges that Defendant CEO falsified bank statements and hid her criminal record and history of civil fraud suits from investors.  Parallel criminal charges have been announced against Defendant CEO.

SEC Litigation Release