SEC Charges Purported Real Estate Business and Owner for Conducting Ponzi Scheme
By SEC -

Washington, D.C. – October 7, 2010 – (RealEstateRama) — The Securities and Exchange Commission today charged a Chicago-area company and its owner for perpetrating a Ponzi scheme in which they promised investors extraordinary returns generated from a purportedly successful real estate business.


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The mission of the U.S. Securities and Exchange Commission (SEC) is to protect investors, maintain fair, orderly, and efficient markets, and facilitate capital formation.

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