SEC Issues Litigation Action Involving Joel Castellanos
February 26, 2026
February 26, 2026
WASHINGTON, Feb. 26 -- The Securities and Exchange Commission issued the following litigation release (No. 0:26-cv-60495-AHS; S.D. Fla filed Feb. 23, 2026) involving an alleged $196 million South Florida ponzi scheme:
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On February 23, 2026, the Securities and Exchange Commission filed a settled action as to Joel Castellanos for his role in an alleged $196 million fraudulent securities offering orchestrated by MJ Capital Funding, LLC, its affiliated company, MJ Taxe . . .
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On February 23, 2026, the Securities and Exchange Commission filed a settled action as to Joel Castellanos for his role in an alleged $196 million fraudulent securities offering orchestrated by MJ Capital Funding, LLC, its affiliated company, MJ Taxe . . .