SEC Reduces Disgorgement Ask For $4M Pyramid Schemer

By Jack Newsham ( July 19, 2017, 10:45 PM EDT) -- The U.S. Securities and Exchange Commission asked a Texas federal judge on Wednesday to make a man and his company pay $3.1 million for defrauding fellow members of his pyramid scheme with a phony stock offering, saying a recent U.S. Supreme Court decision required the agency to scale back its disgorgement request....

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