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Aug. 30, 2021, 3:47 PM
A married couple raised about $17.6 million from investors through a Ponzi scheme and used some of the funds for life insurance premiums and credit card bills, the SEC says in federal court in Minnesota.
Jason Dodd Bullard, Angela Romero-Bullard, and their entity Bullard Enterprises LLC told investors the money would be placed in funds focused on trading foreign currencies, then used most of the funds for personal expenses and to repay earlier investors, the Securities and Exchange Commission says in a complaint filed in the U.S. District Court for the District of Minnesota.
The alleged scheme began in at …
