English
Arabic
Dutch
Finnish
French
German
Korean
Thai
Mr. Maroney misappropriated at least $4.48 million in investor funds to enrich himself and his family, “including the purchase and maintenance of his waterfront home and a Mercedes Benz, and to pay for his extensive credit card bills and renovation-related expenses on the house”, the SEC claims.
The Securities and Exchange Commission has obtained a temporary restraining order and an asset freeze to stop an alleged Ponzi scheme perpetrated by Jonathan P. Maroney through several entities he controls in Florida, including Harbor City Capital Corp. where he was CEO.
Since May 2015, Mr. Maroney raised at least $17.1 million from more than 100 investors in a series of fraudulent securities offerings, the SEC alleges, adding that he told investors that offering proceeds would be used to finance online “customer lead generation campaigns” and produce annual returns ranging from 10% to 60% from the resale of those leads.
Instead, Mr. Maroney…
