RIABiz

News, Vision & Voice for the Advisory Community

RIABiz

After home raid allegedly turns up wild evidence, the SEC goes after Dawn Bennett for civil fraud

A $20 million Ponzi-like scheme and attempted voodoo are the latest revelations out of the Securities and Exchange Commission

Author Brooke Southall August 28, 2017 at 9:52 PM
no description available
Dawn Bennett: Why was I a target for something that for anybody else would have been small and miscellaneous?

Javier DooMe

Javier DooMe

August 29, 2017 — 4:24 PM
The Delta from $407m to $2b is one that is not easily reconciled! So once we get past this obvious regulatory transgression the desire of a Regulator to dig deeper is not only expected but it is necessary! Ms Bennett may be the "victim" of overzealous regulators and I for one applaud the Regulators efforts as no one can explain away touting $2b versus $407m in regulatory filings, Barron's articles or on a radio show. But I do appreciate efforts of her Lawyers to use the age old tactic of "look over there, I see a squirrel" when all other legal defenses have been exhausted, as this is what lawyers do...as for the mondo bizarro voodoo, one can only laugh!

Related Moves

November 18, 2022 at 2:56 AM


Mentioned in this article:

MarketCounsel | HamburgerLaw
Compliance Expert, RIA Set-up Firm, Regulatory Consultant
Top Executive: Brian Hamburger



RIABiz Directory

The Industry Sourcebook for RIAs

   |    LISTING


RIABiz Directory sponsored by:

Directory Sponsor Logo