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Home>SEC Enforcement Roundup: $300M Resort Scam Leads to Rum-Soaked Investment

SEC Enforcement Roundup: $300M Resort Scam Leads to Rum-Soaked Investment

Advisor One

Thu, 31 Jan 2013

Among other enforcement actions this week, the SEC charged five former real estate executives in a $300 million Ponzi scheme involving phony investments in resorts. The spoils went toward boats, planes and a rum distillery.

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