SEC v. William K. Ichioka

William K. Ichioka was charged by the SEC with conducting a fraudulent offering through his investment fund, Ichioka Ventures. The complaint alleges that Ichioka fraudulently raised money from individual investors for Ichioka Ventures by claiming he was an accomplished investor, promising oversized returns, and guaranteeing investors’ principal. Also, according to the complaint, Ichioka misappropriated millions of dollars of investors’ funds for his personal use.

Summary generated from official Securities and Exchange Commission press release