SEC v. GPB Capital Holdings, LLC, et al. was filed in the Eastern District of New York on February 4, 2021 by the SEC, alleging violations of federal law in connection with the defendants’ investment business, which allegedly raised over $1.7 billion from more than 17,000 investors.
Commodity Futures Trading Commission v. Jeremy Spence was filed in the Southern District of New York on January 26, 2021 by the CFTC, alleging violations of the Commodity Exchange Act and corresponding commission regulations. Specifically, the complaint alleges fraud by deceptive device or contrivance for acts perpetrated by the unregistered defendant.
Lovatt, et al. v. Sendera Ranch A2A Developments, LLC, et al. was filed in Texas state court on January 26, 2021, claiming over $1 million in relief for breach of contract and fraudulent conveyance in the course of an alleged Ponzi scheme.