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SEC charges former US Marine with Ponzi-like securities fraud

Photo: Peter Dazeley/Getty Images

Alexander Barzacanos

1 min read
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The alleged scheme involved promises of steep returns on short-term loans secured by real estate.

The SEC announced that it filed charges against providence-based investment adviser Anchor State Capital LLC (Anchor State) and its owner Christopher Aubin on May 15, accusing them of orchestrating a fraud scheme that misappropriated more than $2,500,000 from over 24 investors.

According to the SEC’s complaint, from 2023 to 2024, the

Anchor State promised

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