Litigation: SEC Charges Florida Resident With Operating $5.9 Million Ponzi Scheme Targeting African-American Community
May 05, 2023
May 05, 2023
WASHINGTON, May 5 -- The Securities and Exchange Commission issued the following litigation release (No. 3:23-cv-00539; M.D. Fla. filed May 4, 2023) involving Cedric Dewayne Griffin:
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The Securities and Exchange Commission today filed charges against Cedric Dewayne Griffin alleging that he raised approximately $5.9 million from at least 103 investors through a fraudulent securities offering targeting members of the African-American community in Jacksonville, Florid . . .
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The Securities and Exchange Commission today filed charges against Cedric Dewayne Griffin alleging that he raised approximately $5.9 million from at least 103 investors through a fraudulent securities offering targeting members of the African-American community in Jacksonville, Florid . . .