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.
- Key Docs
- Official SEC press release
