WebNov 22, 2024 · Bogus Deposits to Brokerage Accounts The SEC’s complaint alleges that from May 2024 to early January 2024, Syed Arham Arbab, 25, and five others made more than $2 million in bogus deposits from empty or underfunded. The Law of the Financial Markets from Top Securities Lawyers Monday, February 27, 2024. WebJun 4, 2024 · The Securities and Exchange Commission last week filed a civil complaint in federal court in Athens accusing Syed Arham Arbab of running a Ponzi scheme out of an unnamed fraternity house.
SEC shuts down alleged frat-house Ponzi scheme
WebIA-5511 In the Matter of Syed Arham Arbab. IA-5510 In the Matter of Ares Management, LLC. IA-5503 In the Matter of Wallace Byers. IA-5509 In the Matter of William Andrew Hightower. LR-24822 SEC v. Paul Horton Smith, Sr.; Northstar Communications, LLC; Planning Services, Inc.; and eGate, LLC. IA-5508 In the Matter of TSP Capital Management … WebSyed Arham Arbab is the name of the accused, and the federal government states that Arbab defrauded at least 8 of his classmates out of around $300,000. He was able to do this by claiming he was offering investments in a hedge fund. At the time he was doing this, Arbab was living in the Phi Kappa Tau fraternity house at the University of Georgia. loctite tite foam window \u0026 door sds
I grabbed the SEC case against Syed... - Compliance Building
WebJun 4, 2024 · ATHENS, Ga. (CN) — A recent University of Georgia graduate is in hot water with the Securities and Exchange Commission, which accuses him of running a Ponzi scheme out of a frat house near campus. The University of Georgia campus in Athens. The SEC sued Syed Arham Arbab, 22, claiming he defrauded at least eight people, including … WebNov 1, 2024 · (HedgeCo.Net) The Securities and Exchange Commission has charged six individuals, including a federal inmate, for conducting a freeriding scheme that defrauded multiple broker-dealers. The SEC’s complaint alleges that from May 2024 to early January 2024, Syed Arham Arbab, 25, and five others made more than $2 million in bogus … WebJun 5, 2024 · Syed Arham Arbab, 22, conducted the fraud from a fraternity house near the University of Georgia campus in Athens, Georgia, says the SEC. He allegedly offered investments in a purported hedge fund called "Artis Proficio Capital," which he claimed had generated returns of as much as 56% in the prior year and for which investor funds were … indirect cost rate nyc