Entries by wpequialt

Tampa investment firm accused of $170 million Ponzi scheme

Federal regulators say two EquiAlt executives used millions of dollars for luxury cars, fancy watches and chartered jets. By Richard Danielson – Tampa Bay Times TAMPA — The U.S. Securities and Exchange Commission is accusing a Tampa real estate investment firm and its founder of running a Ponzi scheme that raised $170 million from about […]

SEC Charges Real Estate Company and Executives With Defrauding Retail Investors, Obtains Emergency Relief

FOR IMMEDIATE RELEASE Washington D.C., Feb. 18, 2020 — The Securities and Exchange Commission today announced an emergency enforcement action and a temporary restraining order and asset freeze against Florida-based private real estate firm EquiAlt LLC, its CEO Brian Davison, and its Managing Director Barry Rybicki, in connection with an allegedly fraudulent unregistered securities offering […]