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The SEC Charges New York City Law Firm in $8.4 Million Ponzi Scheme

Summary by Ground News

The U.S. Securities and Exchange Commission (SEC) charged Aaron Cain McKnight, a Texas resident who ran three separate investment schemes. McKnight allegedly used the nearly $5.6 million from investors for cash withdrawals, a down payment for his property and to fund a jazz club he partially owned. He also funnelled more than $2 million through bank accounts associated with Frost & Miller.

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The SEC Charges New York City Law Firm in $8.4 Million Ponzi Scheme

The SEC is charging a New York City law firm for allegedly aiding a Ponzi scheme which saw investors lose more than $8 million.

2 years ago·New York, United States

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Observer broke the news in New York, United States 2 years ago on Tuesday, March 28, 2023.

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