April 27, 2021 BY Steffy Bogdanova

SEC charges Harbor City Capital and its CEO with operating a Ponzi scheme

SEC’s complaint further reveals that Maroney misused investor money by making payments to other entities unrelated to the supposed purpose of the offerings and that he fraudulently used investor funds to make monthly interest payments and other payouts to investors in a classic Ponzi scheme manner. Eric I. Bustillo, Director of the SEC's Miami Regional…

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