SEC Files Settled Action as to President of Purported Hedge Fund in Alleged Multimillion Dollar Ponzi Scheme Targeting Spanish-Speaking and Filipino Investors
September 09, 2026
September 09, 2026
WASHINGTON, Sept. 9 -- The Securities and Exchange Commission issued the following litigation release:
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Securities and Exchange Commission v. Francisco Javier Sarabia, No. 26-civ-02542 (C.D. Cal. filed Sept. 8, 2026)
On September 8, 2026, the Securities and Exchange Commission filed settled charges against Tustin, California resident Francisco Javier Sarabia, the President and Co-founder of Bonanza Global Solutions Limited Liability Company, alleging t . . .
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Securities and Exchange Commission v. Francisco Javier Sarabia, No. 26-civ-02542 (C.D. Cal. filed Sept. 8, 2026)
On September 8, 2026, the Securities and Exchange Commission filed settled charges against Tustin, California resident Francisco Javier Sarabia, the President and Co-founder of Bonanza Global Solutions Limited Liability Company, alleging t . . .