Action against Defendants, an individual and his two alter ego entities, for allegedly soliciting money from investors by describing stock in the first entity as gifts offered in exchange for donations to the second entity, a nonprofit founded and controlled by Defendant individual. The SEC alleges that Defendants further misled investors and prospective investors by promising that stock in the first entity would soon be registered with the SEC without taking steps to register the stock and stressing the importance of purchasing stock before registration made it valuable.

SEC Complaint

SEC Litigation Release