sec whistleblower attorneys
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 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
