SEC
Whistleblower
Attorneys

July 06, 2020

David Sims, Mario Procopio, Ralph C. Greaves, ALC Holdings, LLC, El Cether-Elyown, SIMS Equities, Inc.

Offering Fraud

SANCTION AMOUNT: $3133277

Defendants: ALC Holdings, LLC, El Cether-Elyown, SIMS Equities, Inc.
David Sims, Mario Procopio, Ralph C. Greaves

The SEC charged that defendants Sims and Procopio, aided and abetted by their lawyer defendant Greaves, raised over $1.4 million in a fraudulent “prime bank” scheme from investors who were told that there was no risk. However, the money allegedly was not invested as promised and was nearly entirely misappropriated.

Named one of the top whistleblower practices/attorneys in the country by The New York Times, Wall Street Journal and NPR
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