Hedge Fund Focus

SEC v. Shelby Dean Martin, D. Martin Enterprises, Inc. and DM Ventures, LLC
The Commission announced that on March 6, 2009, it filed a Complaint in the United States District Court for the Western District of North Carolina to halt an ongoing Ponzi scheme. The Complaint was filed against Shelby Dean Martin (Martin), D. Martin Enterprises, [...]

The SEC announced that a Massachusetts broker, who was acting as an investment advisor at the time, defrauded a number of investors out of $2 million or more.  The fraudster used the money, which was supposed to be invested in non-existent “federal housing certificates,” to buy clothes and liquor.  The full release is reprinted in [...]