Real Estate Investment Co. A $135M Ponzi Scheme, SEC Says

By Diana Novak Jones · August 16, 2018, 5:49 PM EDT

The U.S. Securities and Exchange Commission filed a complaint against real estate investment firm Equitybuild Inc. and its father-son owners on Wednesday, accusing them of running a $135 million Ponzi scheme...

To view the full article, register now.

Try a seven day FREE Trial

Already a subscriber? Click here to login

Documents

Complaint

Case Information

Case Title

United States Securities and Exchange Commission v. Equitybuild, Inc. et al

Case Number

Court

Illinois Northern

Nature of Suit

850(Securities/Commodities)

Date Filed

August 15, 2018

Recent Articles By Diana

July 01, 2021
Biz Reneged On $2.5M Facility Purchase Deal, Pot Co. Says
May 20, 2021
Ill. Justices Side With Columbia Care Unit In Pot Grow Fight
April 30, 2021
Pot Co.'s $42M NY Greenhouse Buy Steered By 2 Firms
April 07, 2021
Pot Dispensary Lease Holding Up Bankruptcy Plan, Court Told
March 19, 2021
3 Firms Steer $325M Cannabis Real Estate Merger
March 17, 2021
Pot Co. 4Front Signs $52M Lease Deal With REIT
February 24, 2021
Cannabis Co. Sues After Boston Denies Dispensary Permit
October 07, 2020
Blank Check Co. Targets Pot Real Estate In Deals Worth $185M
April 10, 2020
Investors Prep $3B Lifeline For Distressed Cannabis Assets
June 06, 2019
Sheppard Mullin Latest Firm To Court Cannabis Business