sec whistleblower attorneys
February 11, 2019
Jonny Ngo,Donato “Mick” Baca, Jr., NL Technology, LLC
Offering Fraud
SANCTION AMOUNT: $5916647
Defendants: NL Technology, LLC
Jonny Ngo,Donato “Mick” Baca, Jr.
Partial settlement (Baca) in SEC enforcement action alleging that Defendants raised more than $61 million from over 350 investors by falsely promising that the money would be used to fund NL Technology's wholesale technology import business. Instead, the money allegedly was used to pay prior investors and for lavish personal expenses.
- Key Docs
- Official SEC press release
