Securities and Exchange Commission v. Speers et al
Case Number:
4:23-cv-00905
Court:
Nature of Suit:
Other Statutes: Securities/Commodities/Exchange
Judge:
Government Agencies
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June 03, 2025
2 Texans, Firm Owe $5.3M In SEC House-Flipping Fraud Suit
A pair of Texas men and their investment company must give the U.S. Securities and Exchange Commission nearly $5.3 million to resolve claims they defrauded investors in a house-flipping scheme, misappropriating $2.9 million and misrepresenting that certain property interests would secure certain investor funds.
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August 31, 2023
SEC Says Texas House-Flipping Scheme Was An $8M Fraud
The U.S. Securities and Exchange Commission on Thursday said it reached settlements with two Texas men and their investment company over claims that they ran a fraudulent house-flipping scheme that raised almost $8 million from 40 investors through the sale of unregistered promissory notes.