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SEC Halts $47 Million Investment Fraud at Utah-Based Cash Advance Organizations

SEC Halts $47 Million Investment Fraud at Utah-Based Cash Advance Organizations Washington, D.C. – The Securities and Exchange Commission today announced it has acquired a court purchase freezing the assets of two pay day loan organizations and their owner faced with perpetrating a $47 million providing fraudulence and Ponzi scheme. The SEC alleges that John …

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