Tag Archives: Prime Bank Scheme
SEC Halts “Prime Bank” Scheme Targeting Construction Industry
On May 14, the U.S. Securities and Exchange Commission filed a civil complaint against six individuals and several companies accused of participating in a scheme to sell non-existent financial instruments to unsuspecting investors seeking financing for construction projects. SEC v. North Star Finance LLC According to the SEC’s complaint, in February 2014, Thomas Ellis,… Read More »
