SEC v. Dharma Teja Nukarapu

Dharma Teja Nukarapu, SharkDreams, Inc., and D Dollar Inc. allegedly engaged in a fraudulent offering scheme. According to the SEC's complaint, Nukarapu and SharkDreams fraudulently raised approximately $2.7 million from more than 20 investors through securities offerings from at least January 2018 to November 2019 by making false and misleading statements to investors. Nukarapu and D Dollar allegedly raised at least $650,000 from investors, and Nukarapu allegedly misappropriated approximately $595,000 of those investment proceeds to fund SharkDreams operations and for his personal uses.

Summary generated from official Securities and Exchange Commission press release