A US citizen living in Colombia fraudulently raised more than $63 million from over 330 investors through the sale of promissory notes and limited partnership interests that guaranteed high returns but weren’t backed by legitimate business operations, the SEC said.
Henry Paul Regan Jr. misled investors about how their money would be used and falsely claimed the investments were insured, the Securities and Exchange Commission said in a complaint filed Thursday in the US District Court for the Southern District of New York.
Regan allegedly raised the funds from at least September 2022 to November 2024 through the sale of ...
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