August 13, 2015
Colonial Tidewater Realty Income Partners, LLC, James R. Glover, Sherman T. Hill
SANCTION AMOUNT: $2,748,491
Defendants: Colonial Tidewater Realty Income Partners, LLC
James R. Glover, Sherman T. Hill
Settlement of charges that defendants defrauded approximately 125 clients, including family, friends and fellow church members, by enticing them to invest in a real estate company by means of false and misleading statements about its investments, value and financial condition. Clients allegedly also were not informed about conflicts of interest, nor about hundreds of thousands of dollars that were misappropriated.
- Key Docs
- Official SEC press release