SEC v. John Sterling Myers; Sterling Capital, LLC; and Sterling Capital Management, LLC

John Sterling Myers, Sterling Capital, LLC, and Sterling Capital Management, LLC are alleged to have engaged in a multi-year fraud from January 2022 through at least July 2025. According to the SEC’s complaint, the Defendants allegedly misappropriated investor money, falsified investor account statements, and engaged in other misconduct while acting as investment advisers to a pooled investment vehicle. Myers allegedly began operating this investment pool in 2022 and raised approximately $4 million from approximately 28 investors. It is alleged that Myers drained the pool through unsuccessful trading and personal spending, with over $3.6 million of investors’ money appearing to be gone. Myers allegedly sent investors fabricated quarterly account statements depicting accumulated net gains and positive performance, and he may have concealed the Fund’s actual results by failing to issue required tax forms to investors. According to the complaint, Myers claimed all trading losses on his own personal tax returns without disclosure to Fund investors. Myers allegedly misappropriated at least $1.8 million by diverting Fund assets to his personal financial accounts, through which he engaged in further unsuccessful trading and paid for various personal expenses.

Summary generated from official Securities and Exchange Commission press release