SEC Charges Real Estate Executives in Florida-Based $300 Million Investment Scheme

    SEC Charges Real Estate Executives in Florida-Based $300 Million Investment Scheme

    Washington, D.C. – January 30, 2013 – (RealEstateRama) — The Securities and Exchange Commission today charged five former real estate executives who defrauded investors into believing they were funding the development of five-star destination resorts in Florida and Las Vegas when they were actually buying into a Ponzi scheme.

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    The mission of the U.S. Securities and Exchange Commission (SEC) is to protect investors, maintain fair, orderly, and efficient markets, and facilitate capital formation.

    Contact:

    SEC Headquarters
    100 F Street, NE
    Washington, DC 20549
    Phone: (202) 942-8088

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