Verley Lee Sembritzky, Jr., Bounty of the Ocean Inc., Ocean Harvest LLC

Offering Fraud

SANCTION AMOUNT: $7750421

Defendants: Bounty of the Ocean Inc., Ocean Harvest LLC
Verley Lee Sembritzky, Jr.

Defendant Sembritzky, via two entities he controlled, allegedly misappropriated over $6.5 million out of $7.2 million raised for a purported desalination plant in Kenya. The sanction resulted from a settlement and comprises disgorgement and prejudgment interest from all defendants and a civil penalty against Sembritzky.

Key Docs
Official SEC press release

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September 22, 2020

Verley Lee Sembritzky, Jr., Bounty of the Ocean Inc., Ocean Harvest LLC

Offering Fraud

SANCTION AMOUNT: $7750421

Defendants: Bounty of the Ocean Inc., Ocean Harvest LLCVerley Lee Sembritzky, Jr.

Defendants: Bounty of the Ocean Inc., Ocean Harvest LLC
Verley Lee Sembritzky, Jr.