SEC v. Charles T. Lawrence, Jr.

Charles T. Lawrence, Jr. allegedly engaged in an offering fraud in which he falsely represented that he was the managing director of a Swedish entity, Landes and Compagnie Trust Privé KB, that was defunct. According to the SEC's complaint, Lawrence told investors, falsely, that the investment contracts he offered were expected to provide weekly returns of 25% to 100%, and the investors’ funds would not be at risk. As alleged, Lawrence directed investors to send their money directly to an account in the name of Landes Prive, LLC, an entity he controlled, and then Lawrence misappropriated at least $4890000 of investor funds for personal purchases. In addition, Lawrence allegedly sent more than $689000 of investor funds to five relief defendants.

Summary generated from official Securities and Exchange Commission press release