Angel Rodriguez has settles a $12 million fraud case filed towards him by the SEC.
On September fifth, 2024, the courtroom issued a remaining judgment on the request of the SEC. Rodriguez consented to the movement, constituting an efficient settlement.
As per per the phrases of Rodriguez’s consented to order, he pays
- $45,000 in disgorgement
- $6204 in prejudgment curiosity and
- a $45,000 civil penalty
Undisclosed balances in varied financial institution and Coinbase accounts held in Rodriguez’s title, frozen as a part of the SEC’s proceedings, have been additionally ordered turned over to the SEC.
The SEC sued Rodriguez and co-defendants Dan Putnam and Jean Paul Ramirez in mid 2020.
The regulator alleged the trio defrauded shoppers by his Fashionable Cash Group, Eyeline Buying and selling and WealthBoss Ponzi schemes.
Ailing-gotten positive factors obtained by Putnam’s scams have been laundered by R & D International LLC and MMT Distribution LLC, additionally named defendants.
Judgment was ordered towards R & D International and MMT Distribution on January sixth, 2023 – the identical day judgment was ordered towards Daniel Putnam (proper).
Judgment was ordered towards Jean Paul Ramirez on January twenty fourth, 2023.
Over $16 million in disgorgement and financial reduction was ordered towards Putnam and Ramirez on September tenth, 2024.