SEC v. Ian G. Bell

Ian G. Bell allegedly defrauded investors in connection with a fraudulent day-trading scheme. According to the SEC, between July 2020 and March 2023, Bell raised more than $1.3 million from at least 29 investors, including professional athletes in Colorado. The SEC alleges that Bell lied to investors about his trading performance, lost nearly all of the investors’ money, kept hundreds of thousands of dollars for his personal use, and lied about his efforts to repay investors.

Summary generated from official Securities and Exchange Commission press release