September 25, 2019

Leonardo Cornide, Jorge Falcon

Financial Fraud

SANCTION AMOUNT: Approximately $7.2 million

Defendants: Leonardo Cornide, Jorge Falcon

South Florida investment advisers settled charges that they advised a Cayman Islands registered insurance company to invest in a note from a another company they controlled, which they then caused to make personal loans to themselves using the proceeds. The SEC found that this was an undisclosed conflict-of-interest.

Key Docs
Official SEC press release

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