Securities And Exchange Commission SEC

SEC Charges Man in $114 Million Ponzi Who Promised To Help Driver Alertness

A Houston-area businessman promising to prevent auto accidents caused by drowsy driving has been charged by the Securities and Exchange Commission (SEC) with carrying out a $114 million Ponzi scheme.

The sign of a scheme: promises of high returns
The SEC charged Frederick Alan Voight of Richmond, Texas with defrauding more than 300 investors. Voight most recently recently raised $13.8 million on claims the money . . .


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