SEC v. Matthew Derrick Hudson

Matthew Derrick Hudson allegedly fraudulently raised approximately $120 million from U.S.-based investors. According to the SEC’s complaint, Hudson made material misrepresentations to investors about Invenia’s financial condition and performance, including by providing investors with falsified financial statements, invoices, and other documents. Hudson allegedly inflated key financial metrics of the company such as its gross revenue, net income, and cash on hand. The complaint further alleges that one of the funding rounds was never authorized by Invenia’s board of directors. Hudson allegedly provided investors with fake investor lists, board resolutions, and closing documents, including one set of closing documents that contained the forged signatures of various other purported investors.

Summary generated from official Securities and Exchange Commission press release