SEC v. Todd O’Gara and Wanu Water, Inc.

Todd O’Gara and Wanu Water, Inc. allegedly conducted an offering fraud scheme which raised millions of dollars over five years. According to the SEC’s complaint, from January 2019 through August 2024, O’Gara and Wanu raised at least $10.3 million from more than 50 investors through the offer and sale of securities issued by Wanu. As alleged, O’Gara and Wanu made material misrepresentations to investors by overstating the size of Wanu’s deals with a prominent retailer, falsely claiming that at least two private equity firms had promised large investments, misrepresenting O’Gara’s personal wealth and credentials, and misrepresenting how Wanu would use investors’ money. The complaint further alleges that O’Gara and Wanu used fabricated documents to support their misrepresentations.

Summary generated from official Securities and Exchange Commission press release