SEC charges former Georgia state legislator Dean Alford in Ponzi scheme


Additionally, he agreed to permanent and conduct-based injunctions and that the court will determine the amounts of civil penalties, disgorgement, and prejudgment interest at a later date upon motion by the Commission.

In a statement, SEC Atlanta Regional Office Associate Director Justin Jeffries said, “As alleged in our complaint, Alford was a prominent member of the community who misled retail investors for personal gain. Investors should be wary whenever they are promised guaranteed, lucrative investment opportunities.”


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