SEC v. Faraz Dar and Horizon Platinum LLC

Faraz Dar and Horizon Platinum LLC allegedly raised millions of dollars through the fraudulent offer and sale of securities. According to the SEC’s complaint, Dar allegedly induced investors by falsely claiming he would use their money to operate Horizon, purportedly in the business of exporting luxury cars and promising high returns. Dar allegedly used investor funds for his lifestyle and living expenses, and stopped making payments to investors when their investment certificates matured. According to the complaint, Horizon’s purported business of exporting luxury vehicles did not exist.

Summary generated from official Securities and Exchange Commission press release