US SEC charges investment adviser over $110m Ponzi scheme

clock • 2 min read

The US Securities and Exchange Commission has moved to obtain temporary restraining order and asset freeze on an investment adviser and his associates from operating a $100m Ponzi scheme. The SEC said in a statement that it has filed an emergency action to stop a fraudulent Ponzi scheme allegedly perpetrated by Georgia resident John Woods and two entities he controls: registered investment adviser Livingston Group Asset Management Company, d/b/a Southport Capital (Southport), and investment fund Horizon Private Equity, III LLC (Horizon). On August 24, the United States District Court ...

To continue reading this article...

Join International Investment

Join International Investment today

Unlock members-only benefits:

  • Unlimited access to real-time news, industry insights, video features and market intelligence
  • Stay ahead of the curve with spotlights on international financial centres, regional trends international advice and global industry leaders
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Hear the latest cross jurisdictional developments in wealth planning, tax, regulation, investing, retirement and protection
  • Members-only access to the Editor’s weekly news roundup newsletter
  • Members-only access to analysis via our exclusive industry polls
  • Be the first to hear about our events and awards programmes

Join now

 

Already a International Investment member?

Login

Author spotlight

Gary Robinson

Commercial Director, Head of Video at International Investment.