SEC v. Evarist C. Amah

Evarist C. Amah allegedly ran a years-long scheme through which he raised approximately $700,000 from his advisory clients using materially false and misleading statements about his investment performance. According to the SEC, Amah was found liable for fraudulently soliciting investments by consistently offering positive projections while failing to disclose the serious losses he consistently incurred.

Summary generated from official Securities and Exchange Commission press release