April 28, 2017
Serofim Muroff, Blackhawk Manager, LLC, ISR Capital, LLC, Equity Recap Account, LLC, Debra L. Riddle
SANCTION AMOUNT: $8,612,395
Defendants: Blackhawk Manager, LLC, ISR Capital, LLC, Equity Recap Account, LLC
Serofim Muroff, Debra L. Riddle
Settlement of a civil action in which the SEC alleged that defendant Muroff, an Idaho resident, raised more than $140.5 million through his companies in the form of EB-5 offerings to Chinese investors, The investments were for the stated/intended purposes of acquiring and developing luxury real estate in McCall, Idaho, and investing in gold mining ventures in Idaho and Montana. However, over $5 million was allegedly not invested but rather misappropriated by Muroff. Riddle was Muroff's CFO in title and bookkeeper in truth, although she allegedly also significantly participated in and benefitted from the scheme.
- Key Docs
- Official SEC press release