February 18, 2016
Scott Valente, The ELIV Group, LLC
SANCTION AMOUNT: $8,200,580
Defendants: The ELIV Group, LLC
More than $8 million raised from approximately 80 clients through false claims that investment company achieved consistent, outsized positive returns, among other misrepresentations. In reality company was sustaining consistent losses, and manager misappropriated client funds for personal use, leading to severe dilution.
- Key Docs
- Official SEC press release