A brazen fraud perpetrated by an influential and charismatic person who used marketing tools such as social media channels, a website, and a podcast to position himself as a supposed expert – taking advantage of his clients’ trust – was the subject of one of a number of recent cases
‘Be an investing badass!’ Recent SEC cases citing fraud, disclosure issues
“The Cash Flow King” was ordered to pay disgorgement of $2,967,535 and prejudgment interest thereon of $340,396 to the SEC, which was deemed satisfied by the restitution ordered in the DOJ’s parallel criminal case.