February 28, 2017
Andrew Arrambide, Uninvest Financial Services, Corp., RST5 Investments LLC, Parkway Real Estate LLC, Paulo Hideki Koga
SANCTION AMOUNT: $7,781,754.50
Defendants: Uninvest Financial Services, Corp., RST5 Investments LLC, Parkway Real Estate LLC
Andrew Arrambide, Paulo Hideki Koga
Defendant Arrambide was a promoter for Tropikgadget Unipessoal LDA and Tropikgadget FZE, Portuguese companies which operated under the name "Wings Network." Wings Network was an international pyramid scheme targeting Latino communities in the U.S. The other defendants comprising this sanction announcement were relief defendants, as they received illicit proceeds from the scheme.
- Key Docs
- Official SEC press release