Action against Defendants, an investment adviser and his daughter, for alleged operation of a Ponzi scheme.  According to the SEC, Defendants used investor funds intended for investments in bonds for personal and business expenses and sent investors falsified account statements to conceal the scheme.  Defendant adviser has agreed to injunctive relief and monetary relief to be determined at a later date.  Parallel criminal charges have been filed against Defendant adviser.

SEC Press Release 

SEC Complaint