June 14, 2016

Andrew K. Proctor, Atlas JG, LLC

Offering Fraud

SANCTION AMOUNT: $17,899,203

Defendants: Atlas JG, LLC
Andrew K. Proctor

Settlement of allegations that defendants raised more than $22 million from at least 200 overseas investors through a fraudulent offering of purported bonds promising annual returns of 8-9%. Allegedly, less than 10% of investor funds were used to buy homebuilding subcontractor receivalbles as promised, with fundraising continuing for years after the last receivables purchase took place.

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