SEC v. Mitchell

Jared Mitchell allegedly played a role in an illegal kickback scheme to defraud investors. According to the SEC's complaint, from approximately July 2014 through October 2015, Mitchell entered into "consulting agreements" with the CEO of Nxt-ID, Inc., a publicly traded security technology company, as a guise to funnel cash bribes from the CEO to a registered stockbroker to buy Nxt-ID stock in customers’ accounts. Mitchell allegedly was paid for his part in arranging kickbacks to the stockbroker.

Summary generated from official Securities and Exchange Commission press release