SEC Actions This Week: A PE Ponzi Scheme Aug29

Posted by & filed under Fraud.

Ponzi schemes are too common in the investment world, and this week the SEC announced allegations of another one. Georgia resident John Woods was charged with using an investment advisory firm that he controls, doing business as Southport Capital headquartered in Chattanooga, TN, to funnel investors into a private equity fund that he also controls, Horizon Private Equity III LLC. Horizon Private Equity has no address and no employees

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