SEC Charges Mexico-Based Company, Its CEO, 4 Individuals in Ponzi Scheme Targeting Spanish-Speaking U.S. Investors
September 22, 2023
September 22, 2023
WASHINGTON, Sept. 22 -- The Securities and Exchange Commission issued the following news release on Sept. 21, 2023:
The Securities and Exchange Commission today announced charges against Mexico-based company Aras Investment Business Group S.A.P.I. de C.V., its CEO Armando Gutierrez Rosas, and four individuals for fraudulently raising at least $15 million from more than 450 retail investors in the U.S., most of whom were members of the Mexican American community.
The SEC . . .
The Securities and Exchange Commission today announced charges against Mexico-based company Aras Investment Business Group S.A.P.I. de C.V., its CEO Armando Gutierrez Rosas, and four individuals for fraudulently raising at least $15 million from more than 450 retail investors in the U.S., most of whom were members of the Mexican American community.
The SEC . . .