SEC v. Charles T. Lawrence, Jr.

Charles T. Lawrence, Jr. allegedly engaged in a scheme to defraud prospective investors and misappropriated at least $4890000 for his personal benefit, according to the SEC. Lawrence allegedly misrepresented that he was the managing director of a defunct Swedish entity and that the investment contracts he offered would generate weekly investment returns of 25% to 100%, and the investors’ funds would not be at risk, according to the SEC.

Summary generated from official Securities and Exchange Commission press release